Quote (Prox1m1ty @ 25 Nov 2023 20:39)
For now if one goes the other goes with it.
Xi was basically begging Biden not to decouple/onshore manufacturing away from China as rapidly. Chinas conundrum is two fold.
Chinas success is built on manufacturing. There will not be a larger market for Chinas manufactured goods than the United States, for the foreseeable future; Unless the United States chooses.
China is also a massive importer of raw materials and food. The United States happens to export both of those commodities.
Another factor to keep in mind is that China is demographically running out of steam. Initially, in the 70s through 90s, their one child policy fostered the generation of wealth since you had a lot of working-age citizens having to provide for comparatively little children or elderly. Now, the situation is increasingly reversed, with a sizable generation nearing retirement age while only much smaller younger generations come after them to pick up the slack.
Yes, similar trends are also at work in the West, but China's one child policy caused a particularly sharp and precipitous decline in birth rates.
edit: oh damn, I should have read the thread before posting; others have already made the same point.
This post was edited by Black XistenZ on Nov 29 2023 10:04am