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By what measure is China an open economy? That flies in the face of their long history of currency manipulation and explicit protectionist policy.
by omginternets 3y ago
By what measure is China an open economy? That flies in the face of their long history of currency manipulation and explicit protectionist policy.
- spacebanana7 3y agoI believe GP means “open” in the sense of having a high degree of trade with the rest of the world. The US economy has more of a closed loop in that it consumes much of what it produces. China on the other hand imports most essential commodities and pays for them with the proceeds of exports.