Since China is not a democratic country, and what is the purpose to compare us with a western democratic country?
You should rather worry about your own national debt, since the deadline is till the August 2nd.
All the readers has to do is perform a keyword search for 'china export dependency' and read for themselves on China's vulnerabilities. Consumption is necessary for growth and whether that consumption is internal or external is a different issue. For the rapid growth that China experienced upon the rejection of the epic failure that is communism, external consumption from China's products and productivity fueled that rapid growth. The more sophisticated the societies the greater the demand and there is no greater than the US and Europe. If you work two jobs and one of them constitute %27 of your income and %27 of your lifestyle, if you lose that income what would happen to your lifestyle?That already happened during the 2008 credit crunch.
They all said: "demand for Chinese exports in the West will collapse, and so will China".
Except that we continued to grow at almost a double-digit rate of growth.
The reason? If you check the actual numbers, exports only make up 27% of China's GDP (according to the World Bank).
What if Allah is not willing? What will you do then? What is the appeal process? You pray harder and more than five times a day? Please stop this pretentious and overt display of religiosity.Yes! now US shold get ready to give its land for its debt if it cant pay it back......Insha-Allah.......
The hyperbolic 'collapse' is being seriously overused here. A recession is not a collapse. An economy that is in a recession is still a functional one, albeit at a reduced level, which is hardly a 'collapse'. The readers have already done their keyword searches and are learning about China's dependency and vulnerabilities regarding exports to high consumption societies like the US and Europe. As long as there is consumption for China's low cost products, especially external consumption, China will continue to grow.
What is funny is your inability to comprehend. An economy in a recession is still a functional economy, that still produces, exports, imports, innovate, trade, and consume. As long as the US and Europe continues to consume low cost products from China, China will continue to grow. What is there so difficult to understand? More like you are just trying to take meaningless and gratuitous jabs at US when you found your arguments challenged by publicly available information.
Talk about paranoia, I wasn't taking any jabs against America.
Typical Chinese thug response when they found their arguments completely debunked so they have to resort to cheap racist/ethnic insults. Guess those multiple temporary suspensions of the thugs' accounts did not teach them much because of their thick skulls.
Of course you were. The evidences are clear: That no economy 'collapse'. Recession? Yes. But no 'collapse'. Does China have exports to these economies when they are in their recessions? Yes. So what was the point in bringing up the American economic recession when we are still importing goods from China? No point at all. The issue is how vulnerable is China upon this dependency. Your arguments have been debunked by publicly available information by people far smarter than you in this matter.Talk about paranoia, I wasn't taking any jabs against America.
So the question is: Can China be the next Greece? You might want to put aside your nationalistic passion, put on the objectivity hat, and read the article more carefully. Pay extra attention to the debt issue.Stop being so paranoid. If I wanted to take jabs against America, I would do it openly.
In this situation I'm actually very happy with America, since they are giving us a huge trade surplus, and they are borrowing money from us in order to pay for their debts.
I should probably be thanking you, lol.
