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M gronich
VisualEconomik EN
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Comments by "M gronich" (@mgronich948) on "Can Russia Recover and Win the War? - VisualEconomik EN" video.
Yes the growth of GDP is because Russia is building things that goes boom. But Russia has very little debt, unlike the US with $33 trillion of debt, Russia's debt to its citizens who hold the bonds, is 1000X less. They can go on for years if debt was the limit. And food, Russia is a net exporter of grain. What Russia lacks is manufactured consumer products. And here China has helped immensly. The Chinese ambasador to Russia called this the opportunity of a life time. Chinese electric cars dominate the Russian market. China is supplying Russia all the consumer products (as well as mature chips ) Russia needs and increasing their purchases of energy and grain in return. (China cancelled a 100 million ton corn purchase from the US in 2023.) Russia/China trade has exploded. Meanwhile Europe is about to collapse. One example is VW is planning to close all of its factories in Europe and import all its EVs from its factories in China. For the American market VW will go to Mexico. The only people who will be building EVs in Europe are the CHinese car companies in Hungery.
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