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US needs China and China needs US. The Wealth of Nations. The only problem as you say is the authoritarian regime in China which opposes progress for its people
by galaxyLogic 4y ago
US needs China and China needs US. The Wealth of Nations. The only problem as you say is the authoritarian regime in China which opposes progress for its people, because the authoritarians have taken over so of course they look after their own interests not the interests of the majority. Therefore progress is coming very slowly to the masses. China used to be ruled by a "junta" but now it seems it is ruled by a dictator, a single person. He might be a good person, or evil, and so will his follower. At some point there will be a very evil dictator just like in ancient Rome.
- safety1st 4y ago> US needs China and China needs US It's more accurate to say: "China needs the cooperation of the US and EU in order to sustain its growth. But with enough effort, the US and EU can find a replacement for China." You can relocate supply but you can't relocate demand. The West can find new partners to buy stuff from, like India and Vietnam, and is doing so now. If it really wants to it can pump money into those countries to speed up the process. World leaders are now acutely aware of China's political instability - I think no matter what happens, the era of China being the whole world's indispensable supplier is over, no one is really comfortable with it anymore. Between Covid and Jinping, China has only itself to blame.