3 ms·
Those numbers are a couple of years old. They're also rounded off. IIRC, the export figure was actually around 18%. They're out there on the Web somewhere. * I
by simonblack 3y ago
Those numbers are a couple of years old. They're also rounded off. IIRC, the export figure was actually around 18%. They're out there on the Web somewhere. *
It's very likely that the internal economy is even larger now, because there was a new emphasis on enlarging it to reduce the economy's vulnerability to external factors when the US started to work on reducing imports from China some years back.
* EDIT: Latest figure from 2022 is 20.68%. https://www.theglobaleconomy.com/china/exports/#:~:text=Exports%20of%20goods%20and%20services%20as%20percent%20of%20GDP&text=The%20latest%20value%20from%202022%20is%2020.68%20percent https://www.theglobaleconomy.com/china/exports/#:~:text=Expo....
Exports to US (2021) are 3% of China's GDP. https://www.aei.org/foreign-and-defense-policy/us-and-china-2021-trade-numbers/#:~:text=Those%20were%20record%20highs%20and,2%20percent%20of%20our%20GDP https://www.aei.org/foreign-and-defense-policy/us-and-china-....
Many Americans think that China would go under if the US stopped importing from China. In fact, exports to the US are less than 15% of China's exports world-wide. (3/20.68 x 100 = 14.51)
The China of 2023 is the US of 1942. When the US gets belligerent with China, I just shake my head. It's a bit like a 5-year-old kid threatening a quarter-back.
- keepamovin 3y agoThank you sir! Sometimes, when I see that belligerence, I think "China must already be in charge. It's deputized US to play the provocateur role to give it the pretext it needs for war." But I doubt that's true. I think the analogy of US-China to 5-year-old to quarterback is a bit of stretch. But given that the US is a young nation/culture and China an old one, it could be more apt that I realize right now. I don't know. Yet China's foreign ministry diplomatic tantrums, mirrored in the (admittedly much rebuked by Chinese netizens) occasional tantrums of its travelers on foreign soil, look more akin to 5-year-old behavior, to me. Do you have more insight your analogy? To me it seems more like, if China is the QB, then US is like the wizened old coach, battle-scarred, full of wisdom and experience, Hall-of-famer, but now beyond its prime. Living vicariously through youth, easily enraged by yet ready to rise to the challenge of the upstart, but also needing to let go of the idea that it's the only power on the field. Sometimes it gets embarrassing when it goes on its lengthy rants and speeches about the glory days, but still, nobody wants to follow the QB, everyone still needs Coach. Yet Coach needs to evolve and adapt. I think picking aged leaders could be a weird subconscious expression of this "decrepitude". In another sense, Steve Rogers, "Captain America", the "man out of time" is a fictional embodiment of this idea, and his character's trajectory an allegory of America's trajectory overall, right back to the desire to travel back in time to "Fix things" and harken back to a fading Americana. :.(