RE: RE: RE: RE: RE: RE: RE: RE: News ...financingbuyerbeware1, thanx. I do happen to beleive it's the US consumers that are more dependent on cheap chines imports of clothing and consumer elecronic and that this labour cheap labour provided by china actally has halted overall infltionary preassure in the US. Now as oil prices is increases and will increase even more in the future that labor trade will become unattractive as transportation costs will eat up more of that overall cost.
Paralell to this you have the fact that the chinese themeselves to an ever icreasing extent will need that own production to satisfy their own domestic population rather than export it. China already today is the largest markets basically in all traded markets but oil and for cars. Soon it will be also for these as well as their domestic consumer market will exceed that of the US within anly some 3-4 years thus the chinese not the US will become the conumer engine of the world.
China’s economy is growing at a pace 20-30 times faster than that in western countries, so it is likely for China to become the world’s consumption engine over three to five years.
https://english.caijing.com.cn/2011-01-11/110616454.html
Bottom line it's the us that wil face challenges as the pegged Rembini to the dollar soon will be history as the US dollar depreciation vs rembini appreciation will create bot much higher inflationary preassure in the US as well as chinese goods much more expensive for the US market. Add to this increasing transportation costs given higher oil prices and incresing chinese demand and the chinese themselves will consume what they themselves produce whilst these products produced in china will become too expensive for the Us consumer..
Problem for the US is that they hav outsourced all ther production capacity of clothing and consumer electronics to the chinese and it will take a while and cost a lot of money to rebuild that capacity in the US.
Here is a great book by the way I can recommend for all to read (if you haven't already)
https://www.jeffrubinssmallerworld.com/about-the-book/