Comments by "Antony Wooster" (@antonywooster6783) on "Deflation and China's new economic reality" video.

6:00 Bear in mind that an economy growing at 6%, doubles in size in a decade. So, to put it another way, an economy that maintained 6% growth between 2010 and 2020 is actually increasing in size by roughly the same amount as it was in 2010 if it grows by 3% in 2020.
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12:01 There would be also this difference, that the US currently relies on China for a lot of raw materials and semi-finished goods. I have read that 90% of the World's reserves of tungsten are in North Korea and 90% of the rest are in China. An arms race where one side has a shortage of tungsten is hard to imagine. Nearly all large electrical power transformers are made in China. And so on down the list. On a different topic, one of the effects of the flood of imports to Western Europe of Chinese goods is that DIY became suddenly much cheaper. For example a basic electric hand drill. went from around £50 to £13, Whereas a pair of Vernier calipers to read to the nearest 0.05mms or 0.005" would cost you £30 - £40 you could suddenly buy a digital caliper that would read to 0.01mm or 0,001" for around £12. I wonder if the Russians are going to experience the same change?
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