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Imports from China are vastly more important for regular consumer. Without China there are no phones, no cars can be built, no household appliances and so on. A
by slaw 4y ago
Imports from China are vastly more important for regular consumer. Without China there are no phones, no cars can be built, no household appliances and so on. Almost everything you have at home is made in China. That's why people assume China is the world global economy.
- andsoitis 4y agoA factory does not an economy make. You need buyers & sellers. You need inputs into whatever you produce. You cannot just trade with yourself.
- Retric 4y agoChina isn’t sending Food, cars, housing, medicine, which is the vast majority of the average households budget. China produces a great deal of stuff like clothes, toasters, tv’s, and phones but so does the rest of the world. Malaysia is manufacturing meany of the things people think of as cheap Chinese crap because Chinese factory workers are getting a little too expensive for various things.
- gausswho 4y agoMedicine doesn't belong in your list. The US imports 90 percent of our antibiotics from China, among many other pharmaceuticals.
- floxy 4y agoWould you share your source for that? https://reason.com/2020/04/06/why-you-shouldnt-trust-anyone-who-claims-80-percent-of-americas-drugs-come-from-china/ https://reason.com/2020/04/06/why-you-shouldnt-trust-anyone-...
- Retric 4y agoThat’s wildly incorrect. America gets ~1.5 Billion dollars a year worth of Medicine from China, which is 1% of the total drug imports let alone what happens when you include domestic production.