"simply because export-led growth has turned China from an economic backwater into a scientific-industrial powerhouse that can seriously challenge U.S. geopolitical dominance. This is what is driving U.S. subsidies into its industry”??
Hmm. For a few years after China's WTO accession the goods exports saw 60% CAGR, but from a small base. But as a proportion of China's GDP, exports never led growth.
Today, Chinese exports account for 20% of GDP, vs. 32% for Canada and 47% for Germany, and 97 of of 'Chinese' exports to the USA are US-designed products manufactured by US-employed Chinese in US-owned factories.
Who would lose if that deal blew up? No more GM Certified Truck Parts...
"simply because export-led growth has turned China from an economic backwater into a scientific-industrial powerhouse that can seriously challenge U.S. geopolitical dominance. This is what is driving U.S. subsidies into its industry”??
Hmm. For a few years after China's WTO accession the goods exports saw 60% CAGR, but from a small base. But as a proportion of China's GDP, exports never led growth.
Today, Chinese exports account for 20% of GDP, vs. 32% for Canada and 47% for Germany, and 97 of of 'Chinese' exports to the USA are US-designed products manufactured by US-employed Chinese in US-owned factories.
Who would lose if that deal blew up? No more GM Certified Truck Parts...