Elephant crosses china laos border during early morning stroll, but can only do so for very short periods
But the “real threat” would not be the Chinese mainland. But the West’s obsession with China has led it to 더나인 카지노forget the vast majority of its economic potential. This may explain why China’s latest trade data was dismal.
But if China’s trade is actually a massive net positive for Western countries — it is — China’s trade is already being passed on to the rest of the world, because China has to import more of its goods and services to sustain its population and its economy.
China is exp태국 마사지orting almost as much more of its goods and services to the rest of the world than to other major economies. So the Chinese could be “taking more” of its market by becoming more competitive.
However, there is a way out of this dilemma. First off, the Chinese must reduce their reliance on Chinese imports. They must start selling more to other countries, with China being by far the biggest consumer of Western goods and services, and thus one of the strongest competitors for them. The only exception would be the US, which already accounts for less than 1% of world trade.
Second, in order to be more competitive, China needs to grow its own value-added production.
But this will not happen on its own. The Chinese would have to borrow heavily from the rest of the world for their imports. This would raise interest rates.
For this reason China has introduced the central bank’s “one price” policy, in which China devalues its currency by 5% a month for the next 10 years.
The central bank is an example of a foreign financial institution that can print its own money to keep global finance flowing; in effect, a private bank in w광주출장마사지hich the state plays no part.
The Chinese have also created the Asian Infrastructure Investment Bank, which will become a de facto financial institution that takes and shares out lending from all the other big banks.
This is an unprecedented step. China is already spending a huge sum of money on infrastructure; what this means for the rest of the world is that its infrastructure would then take up more debt for the West to take care of.
And these costs are not likely to go away. The financial system of China has already grown so big, even it is now too large, that the entire world seems set to pay dearly for it.
This can be a positive, or an unfavourable, result of China’s economic model. We can debate th