Quote from: lizarder on November 15, 2023, 01:58:18 PM

Quote from: DrBeer on November 13, 2023, 08:46:03 AM

the growth of China's economy IS. An export-oriented economy cannot actively develop and grow with shrinking markets. And China's economy basically lives by exporting EVERYTHING and EVERYTHING. And the key role is played by Western consumers, who bring revenue in liquid currency. And it is them that China is losing today. Plus the internal crisis, which will lead to lower incomes and taxes, and therefore lower purchasing power inside China, which will also prevent the economy from not only growing, but will force it to reduce turnover, which will worsen the situation. The government cannot subsidize business long and massively to create a pretty picture....

If China can maintain comprehensive exports to markets other than Asia as a new plan they are developing, then I believe China will become one of the strongest countries financially. Of the many products they make, they are generally marketed to Asia because that region is the source of their strength to dominate the market. China is a country that is strong in trade relations and especially its influence on the Asian market which has controlled many sectors and China is also a country that is developing innovation in the field of technology which is now starting to be taken into account by Western countries

The crisis that has occurred in recent years has not only hit China and other countries have also been affected. But their economic strength is much better compared to several countries which are starting to face much bigger problems and their ability to solve the recession problem should be appreciated in the midst of a large population, they are able to provide solutions.

You see what the problem is - Asian, African market of course is good. BUT ! This market is not ready to buy a lot, expensive and for a stable currency like dollar or euro. In addition, neither Asian nor African markets will bring investment and technology to the Chinese economy! That is why the Chinese economy is dependent on the Western market.
I think it is not for nothing that the head of China flew to the US to negotiate a reduction in the degree of economic (and political) confrontation - the internal problems in China are growing like a snowball rolling down a snowy mountain, and without US help they cannot solve the problem. The idea of yuanized BRICS did not work out, and it was the last chance to save the yuan and the economy, without the Western market.