Emeritus Prof Christopher May on Nostr: China's economic model has delivered (relative) prosperity via exporting; it now ...
China's economic model has delivered (relative) prosperity via exporting; it now accounts for 20% of all world manufacturing exports.
But as President Elect Trump looks to shift the US Tariff profile to more protectionism, as China's biggest market, this looks like it may be a problem.
However, as China's domestic demand is weak (one might say surpassed), the obvious pivot is to a (Keynsian) stimulus to domestic demand... will be interesting to see if that is what is done?
#China #economics
Published at
2024-12-06 06:48:27Event JSON
{
"id": "c2986e16970c97880206f258dafea8ef6dcca19a3ff8b40af252c34929be6efa",
"pubkey": "b8de67a365b436ce300eb1049973026143f99e3d3712b326f302b7d6f49a2902",
"created_at": 1733467707,
"kind": 1,
"tags": [
[
"t",
"china"
],
[
"t",
"economics"
],
[
"imeta",
"url https://cdn.masto.host/zirkus/media_attachments/files/113/604/525/927/882/905/original/a55a1144f81b0259.png",
"m image/png",
"dim 772x603",
"blurhash UHRMPN}p-TK6}?NbNes-;K5TkC-9Avw]-9Nx"
],
[
"proxy",
"https://zirk.us/users/ChrisMayLA6/statuses/113604539670294974",
"activitypub"
]
],
"content": "China's economic model has delivered (relative) prosperity via exporting; it now accounts for 20% of all world manufacturing exports.\n\nBut as President Elect Trump looks to shift the US Tariff profile to more protectionism, as China's biggest market, this looks like it may be a problem.\n\nHowever, as China's domestic demand is weak (one might say surpassed), the obvious pivot is to a (Keynsian) stimulus to domestic demand... will be interesting to see if that is what is done?\n\n#China #economics\n\nhttps://cdn.masto.host/zirkus/media_attachments/files/113/604/525/927/882/905/original/a55a1144f81b0259.png",
"sig": "cc23fa90ad83a7eaa853b8d60a8da44689b5e9ddc79f3f5a74b599e1ca548ae3358e089ffe9b71beac779ffbea267ad0c8600e404b135fb03efd48316f5adc76"
}
