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Strategies & Market Trends : True face of China -- A Modern Kaleidoscope -- Ignore unavailable to you. Want to Upgrade?

To: RealMuLan who wrote (12290)	10/29/2017 8:59:00 AM
From: zzpat	Read Replies (1) \| Respond to of 12464

I think we can all imagine a global economy where almost everything is made by machines. How will China adapt to a world not exploiting it for cheap labor? China's GDP per capita is about the same as Russia so it's still a very underdeveloped economy. Without trade, it would collapse almost overnight. There is nothing made in China that can't be made someplace else. It has no uniqueness in its business models that make it special....at least none that I understand or see. An iPhone manufacturing plant in China can (and has) moved to Vietnam (and other countries) as multinational companies seek cheaper labor. The Saudi Arabia play is the most interesting of them all. If oil is traded using the yuan instead of dollars things will change very fast and for a time China will look strong, but then what? Only time will tell.