Quote:
Originally Posted by kazbalah
BTW i must ask.. what would happen to the US if China decided not to export anything? What would happen to my country, Australia?
It would be a disaster, China now has us all by the balls.
You should watch this, it only runs for 1 minute. My favorite part is how they are all having a good laugh about it.
Just like your having a good laugh now, and don't have a CLUE lol..
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I think you are over thinking.. If China decided not to export anything, their economy would crash and burn. They are already having problems and they keep their economy alive by govt intervention.
China is a labor pool and factories. That can be replaced.. What is hard to replace is the customer. If China decided to not export then they loose their customers and there is no one to replace them with. Meaning their entire economy comes crashing down.
If the US or any other country stopped receiving cheap goods from China, then prices would skyrocket for a short time while the market adjusted and we would slowly replace the product manufacturers & cheap labor from else where. Other 3rd world countries would jump at the chance to gobble up China's market share of manufacturing for the 1st world.
It would be the end of China as any sort of world power. It would hurt the rest of us short them but we would recover. In fact I think long term it would help the US because it would force manufactures to start making things in the US again. People would also figure out that they really don't need half the BS items they buy..