Nicholas Conder
The Enforcer
comments
Comments by "Nicholas Conder" (@nicholasconder4703) on "Ukraine Special Forces DESTROY Warship, Russia Runs Out of Gas | Breaking News With The Enforcer" video.
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China is not in as good a position as most people think. The vast majority of their trade, something like 75% of their trade and foreign cash flow, is with the EU and the US. Perhaps 5-10% of their trade is with Russia. Conversely, only about 30% of US and EU trade is with China. This means that the US and EU can afford dropping trade with China, but the opposite is not true. Also, China is overextended financially, due firstly to the debts accrued with their Belt and Road Initiative, and secondly because of the real estate financial crisis brought to light by the virtual collapse of Evergrande and others. There is a reason why whole sections of cities in China have brand new high rise apartments that either vacant or being demolished. China is also suffering from deflation, where the amount being made from the sale of a product does not cover the cost of its production. China is in real dire straits, and could collapse financially if they are not careful. Yes, a trade war would be hard on the US and EU, but it would be catastrophic for China.
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