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Comment by skippyboxedhero

2 days ago

Hyperinflation? They have been exporting deflation. Wage inequality? It is a productivity inequality, relative to the US. The idea that everyone should just be paid the same wage is quite an odd inference when you start the comment with explaining how everyone else just doesn't understand the things you do.

China moved away from the export-led model of growth about ten years ago (the largest exporter of deflation today is Germany and has been for a number of years).

China does have too many people...there is nothing they can do about that and that will limit their living standards for a long time.

China's future is only bleak if you are unaware of their history. They were poorer than every country in Africa bar one a few decades ago, what they have done is still regarded as impossible even after they did it. It is like winning the lottery and then grousing because there is someone else richer than you (which, btw, most people probably would do).

China does not trade with the US intensively anymore. The US doesn't really make anything that anyone needs, and is a big export market but not at the margin anymore...total exports to the US are 3% of GDP. Their economy has been rebalancing for decades (again, proof that their leaders are just smarter...Trump is flailing around in the darkness with tariffs rather than actually being able to design good policy, China started this ten years ago and almost done already, it would make more sense to target the EU).

China has a long coastline, their primary products mainly come through the Malacca strait...again, it is hard to take someone seriously who starts talking about their expertise in geopolitics but doesn't know which trade routes China actually uses.