Quote:
Originally Posted by DirtyWhiteBoy
Exactly. They are just getting started. 2 trillion to them or American cutting back on buying their crap (which we have already started cutting back on) will be a black eye but they will press forward and bounce back. They are Chinese, they WILL find another way.
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One thing few people in the west realize is just how hard China is working to decrease its dependence on American and European demand.
They're actually starting to focus more and more on satisfying demand in other developing countries, rather than relying on the west to keep buying stuff. While the direct profits might not be as big, it means long term growth is pretty much guaranteed even if the entire west were to fall off the edge of the earth tomorrow.