China really need to diversify its economy ASAP even if that meant much lower
Replying to: ‘This is a war of propaganda’: John Pilger on Ukraine -- Khan Post ReplyForum


swoosh

07/08/2022, 22:12:06




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GDP growth in the short to medium term. Chinese exporters need to look at Asia, Africa and Latin America market more rather than the west. China also need to speed up the rebalancing of the economy from export oriented to domestic consumption, even if it meant China need to raise the minimum wage and provide universal health care and more, much more public housing. Business people will probably complain in the short term, but it is better than letting Chinese economy taking hostage by the west. If China can diversify export market and rebalancing economy to domestic consumption, the next stage would be to dump dollars through using it to import commodities and stuffs.






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