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Politics : War
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To: GUSTAVE JAEGER who wrote (6945)10/16/2001 8:31:18 AM
From: Hawkmoon  Read Replies (2) of 23908
 
the U.S.-led slowdown has not been nearly as bad for China's largely closed economy--which relies on exports for 20% of its GDP--as it has been for some more open regional economies that (where others)rely on exports for half or more of their GDP.

So how am I supposed to respond Gustave??

With a big "Duhhhhh???!!"

Or do I compliment you and the writer on possessing a knack for the obvious...

Personally, I don't know of many major economies where 50% of their economic activity comprises exports to the US.

But I DO KNOW that the US had somewhere close to a $100 BILLION trade surplus with China last year. A US dollar goes a long way in most parts of China (except in Hong Kong), so considering a per capita GDP of a mere $840 per worker (and usually far less), could mean between 100-200 million people dependent upon US trade.

Any decrease in exports to the US can mean tens of millions of unemployed.

Hawk
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