4 ms·
See the reason why I have a problem with these analysts is because I don't think that China is an export-oriented country at all: https://en.wikipedia.org/wiki/
by csomar 2y ago
See the reason why I have a problem with these analysts is because I don't think that China is an export-oriented country at all: https://en.wikipedia.org/wiki/List_of_countries_by_exports_per_capita https://en.wikipedia.org/wiki/List_of_countries_by_exports_p...
China exports, per capita, around as much as Tunisia where I am from. It does, however, have a way higher gdp per capita. Per capita, China ranks at 104 far from most developed and developing countries. For some Chinese, exports are their bread and butter but for most Chinese, they are only dealing locally.
This does, in some opinions, explain the surge in their exports. As their internal market (which is their primary market) slowed down, they turned to exports. This might suggest that something is wrong with their economy, however: 1. it's not clear if it is as bad as the 2008 crisis in the US. and 2. the 2008 crisis was bad but not the end of the world. The US had a rather good decade afterward.