Comments by "" (@advancetotabletop5328) on "Patrick Boyle"
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Nope! China went from an agrarian economy to an industrialized one, and still needs to continue to a service one. Most first-world countries have a service economy, but China doesn’t b/c most of its corrupt CCP have ties to infrastructure industries. As a result, the money goes to industry, not the consumer. And it’s the consumer who buys goods. But, since China doesn’t have a service economy, it doesn’t have domestic consumption, so must rely on international consumption, aka. Exports.
This was fine until it wasn’t. I’d add that decades ago, I was reading business articles about how China was supposed to increase its domestic consumption, thus becoming independent of and relying less on exports.
Now, look at China. They can’t even protect their own trade routes with their so-called Navy, and have to rely on the USA. Prior to the ME conflicts, the USA has actually been scaling back its “world police” military spending, including protecting world trade routes, which have benefitted China. (We’re still protecting regional trade routes with our trading partners.)
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