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China upstart phase when they viewed themselves as purely export-driven to shore up their economy is over. They now think of themselves as a global power with a
by RandomThoughts3 2y ago
China upstart phase when they viewed themselves as purely export-driven to shore up their economy is over. They now think of themselves as a global power with an internal market deep enough to sustain their own growth and deep tie with countries in Africa and South East Asia with which they would rather do business in their own currency as a way to shore up their depencies towards them.
You are confusing current China with China a decade ago.
- mensetmanusman 2y agoTheir internal market has deflation and their population is dropping millions per year.
- DiogenesKynikos 2y agoOh no, at that rate, China will have no more workers left in 1400 years! But in all seriousness, even though China's population is slowly shrinking, the population of highly educated people is growing.
- mensetmanusman 2y agoEducation will be helpful as they approach a 2:1 worker:retiree ratio