Comment by James_K

2 years ago

> then the people ultimately doing the "lifting" are the ones buying the products the Chinese factories are producing

You know money is just paper, right? When we give China paper in return for something of value from their country, that is a bad deal for them unless they can trade the paper and get some actual good in return. China runs a trade surplus, which means they give away more than they get back, so it is actually a bad deal for them. It's one that makes their country poorer because they are giving away more than they get back. Almost all economists agree that China's trade surplus is bad for its economy, is even worse for its citizens, and should be reduced.

People in China were lifted out of poverty through the creation of manufacturing centres. These cities and factories were built by the Chinese, not by the west. It is ridiculous for us to try and take credit for their advancement when all we have done is exploit them.