zectech
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China is already G2 economically, the average Chinese have much much higher than before and our gov is putting more attention to environmental protection. Putting that into perspective, It's inevitable that some labor-intensive and high pollution industries leave China.
My advise to China, have China stock up on gold and silver and platinum and palladium and rhodium and iridium and other physical (not paper) PMs. Buy as much gold under 2000, silver under 50, platinum under 2000 and so on. Keep doing this for years.
The Washington regime broke their end of the bargain, break your end of the bargain that China would not attack the US dollar hegemony. If they go low, go high. This would over night raise the yuan value and China can either print billions and billions for the treasury or let the yuan be equal to the dollar. This would raise the standard of living of the Chinese, and reward savers. China would be the only country on the planet lowering the wages in Chinese yuan to fight deflation, when their dollar wages would be rising. This will result in some businesses leaving China because China is a rich GDP per capital country, not businesses leaving China because of 100% tariffs by trump.
Better to be "destroyed" by wealth and success and riches, than be destroyed by a trade war ending in massive unemployment.
China has 3T in reserves and 1T in B&R to do this saving of China. Best of luck to the economists to pull it off.