Comments by "Sherman Peabody" (@shermanpeabody6102) on "VisualEconomik EN" channel.

unlike some of the party members, Xi Jing Pin grew up experiencing poverty. In recent years he elevated millions of the poorest to middle class. China middle class number over 400 million. By creating a large middle class, China doesn't have to sustain its economy on volatile import-export trade. Many of the foreign companies that left or leaving China have been replaced by its domestic counterparts/competitors.
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@giant108 reason why decoupling is not a problem for China is because its Middle Class had grown over 400 million. They spent $ 28 Billion / year on pets like dogs, cats, pet food/care , etc Mercedes-Benz largest customer is China BMW largest customer is China Audi largest customer is China Porsche largest customer is China and so on ....
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