4 ms·

Export-oriented economy is never sustainable, especially when it's built upon low human rights.

• not-kinsale-joe 3mo ago
  Why do you say that?
  • osti 3mo ago
    It's an axiom that the modern Western mind is built upon.
    • jfyi 2mo ago
      The foundational failing I see in my countrymen is the notion that China can't innovate. Their economic reliance on exports is not untrue. Just like their reliance on energy imports is a fact (though one that we are seeing right now become more questionable.) The average American will keep shouting over and over again that "China can't innovate" while they quietly and slowly tick off every box on their checklist of issues. It doesn't end well for us.
• jandrewrogers 3mo ago
  The percentage of China's GDP that is dependent on foreign demand (15.7%) is the second lowest among major economies. The only major economy that is lower is the US at 9.0%, which is an extremely outlier.[0] By many OECD economic metrics[1] around trade dependence, the US and China consistently rank as the least trade dependent. This reflects the scale of the countries, diversity of the economies, and an intentional strategy of minimizing trade dependence for GDP growth. This last point is central to geopolitical leverage. Even if you treat the EU27 as a single trade entity, which operates at similar scales, there is little evidence of a coherent strategy to become functionally self-sufficient. A lot of geopolitical relevance is downstream of this. [0] https://x.com/JonathonPSine/status/2082502536624287890 https://x.com/JonathonPSine/status/2082502536624287890 [1] https://www.oecd.org/en/data/datasets/inter-country-input-output-tables.html https://www.oecd.org/en/data/datasets/inter-country-input-ou...