3 ms·
> China knows it has the upper hand at this point. Based on?
by justinclift 4y ago
> China knows it has the upper hand at this point.
Based on?
- karmakaze 4y agoI'm no economist, but access to markets seems to be the thing that the US was important for. Nowadays not as much so though still true. The trick is to still have access to markets other than NA, such as EU, India, Africa. Can't afford to lose all the US/western-aligned markets.
- chiefalchemist 4y agoThey have less to lose. Our socio-political system is "frayed". If the dissatisfaction continues the USA continues to erode. China continuing at second world levels...well, they're already used to that. At the same time, the USA hasn't announced anything a fraction as ambitious as the New Silk Road. While the USA is all in with Ukraine (i.e., yet another resource-sucking war), China is building relationships in Africa. Etc. Etc. Etc. The evidence you're looking for isn't so much what you're seeing, but more of what you're not. China has the upper hand.