Re:China stock trading halted early after 7% plunge again
by rrggrr on Thursday January 07, 2016 @07:25PM
(#10861969)
We remain dependent on China for most manufactured goods, for the purchase of our debt, for workmanlike stewardship of its nuclear arsenal, for its mangement of North Korea, and to stave off a deflationary spiral. Our fates are intertwined.
Remember that the US has a huge trade deficit with China. That means we were that dependent on them purchasing our goods and services, upper management and tech, than they are on us. That means a collapsing Chinese economy will not effect the US as bad as some might think. The worst case scenario is the property values in the Bay Area will drop some which honestly won't be a bad thing.