Re:China Once Looked Tough on Trade. Now Its Options Are Dwi...
by outside1234 on Wednesday September 19, 2018 @12:22AM
(#18021647)
A 7% drop in GDP in China would be a disaster - rememberer than in our “Great Recession” that the gdp only dropped -2.8%
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Re:China Once Looked Tough on Trade. Now Its Options Are Dwi...
by rgbrenner on Wednesday September 19, 2018 @12:41AM
(#18021717)
That's just China -> US exports. It doesn't account for imports for export, and Chinese imports from the US. They would still be growing if all trade with the US was stopped, after subtracting these.
Net trade globally, they're running an imbalance of 1.5-2% GDP.
They're growing at almost 7%/year. So there's quite a ways to go to get to -2.8.