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> 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 ef
by 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.