Is China a Lost Cause?
- Thread starter jeff2
- Start date
China is way too powerful for the US to try and arm twist them in any way.
The only way forward would be through cooperation.
The only way forward would be through cooperation.
The US needs China now.
Personally I am very grateful for the gift of China, China singlehandedly kept inflation low for 30 years. Providing us with amazing goods at affordable prices. They will lead the world and are now IMHO the defacto leading economy. They are really the most essential nation on the planet.
Washington may finally have to give up on its long-standing aim of pushing Beijing to restructure its economy.
Quote from article
Why would China back down, they sell to every corner of the world and almost every person on the planet. While the USA is an important market for China, it only brings in a fraction of trade to support their GDP. Due to the low price of consumer goods produced in China, the standard of living has increased in nearly every country around the world. The affordability of everyday items has allowed more people to enjoy comforts and conveniences that were once considered luxuries. In fact, when prices are adjusted for inflation, many goods are cheaper today than they were 40 years ago. A clear example of this is the computer industry. Without the low-cost computers manufactured in China, the world would be set back decades, much like in 1992, when owning a home computer could cost an entire month’s salary or more. Thanks to efficient production and global trade, technology and other consumer goods have become accessible to a much wider population, helping to raise living standards across the globe. With the booming economy in China comes advances in technological advancement.
Quote from article
Why would China back down, they sell to every corner of the world and almost every person on the planet. While the USA is an important market for China, it only brings in a fraction of trade to support their GDP. Due to the low price of consumer goods produced in China, the standard of living has increased in nearly every country around the world. The affordability of everyday items has allowed more people to enjoy comforts and conveniences that were once considered luxuries. In fact, when prices are adjusted for inflation, many goods are cheaper today than they were 40 years ago. A clear example of this is the computer industry. Without the low-cost computers manufactured in China, the world would be set back decades, much like in 1992, when owning a home computer could cost an entire month’s salary or more. Thanks to efficient production and global trade, technology and other consumer goods have become accessible to a much wider population, helping to raise living standards across the globe. With the booming economy in China comes advances in technological advancement.
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