9 ms·
The imbalance in trade sectors is striking. China is dominating manufacturing, but this is requiring huge imports of agricultural goods and also services. The
by m0llusk 2y ago
The imbalance in trade sectors is striking. China is dominating manufacturing, but this is requiring huge imports of agricultural goods and also services. The result being that there is a trade surplus, but it is far smaller than manufacturing dominance implies and also potentially quite volatile. Global changes like the war in Ukraine stressing agriculture supply lines and the decline of Hong Kong as a provider of services could have large impacts on Chinese trade.