Post by arfanho7 on Feb 24, 2024 7:34:47 GMT
Massive investment — rather than consumption — drove the economy. Consumption in China is still only about a third of GDP versus some odd percent in the developed markets. China kept buying all sorts of goods and became the first importer in the world for a number of commodities in the process benefiting those countries that could supply them.
The issue is that we may be reaching the limits to the outsourcing trend. For example almost percent of textiles in this country are now outsourced you can’t go further than that. Between and percent of all manufactured goods in the U.S. are outsourced and not everything is outsourceable. Furthermore wage inflation Egypt WhatsApp Number List in China has dented its competitiveness and there are other location choices. So the question is How much more can this phenomenon continue Are we at the end of the era of Chinese exceptionalism This concept dovetails with the idea that China must change its development model in order to gain long term economic and social stability. r a long time and the Chinese leadership is trying to rebalance growth toward consumption.
In other economies where this shift has taken place before — such as the Asian Tigers — it was generally associated with lower growth since relying on endogenous progression of domestic demand is not as powerful as relying on an exogenous inflow of export driving outsourcing. Q Although the U.S. and European markets seem to have stabilized for now what are the potential ramifications globally of China’s market troubles Could their problems spill over into other markets A Certainly it was trouble from a stock market perspective.
The issue is that we may be reaching the limits to the outsourcing trend. For example almost percent of textiles in this country are now outsourced you can’t go further than that. Between and percent of all manufactured goods in the U.S. are outsourced and not everything is outsourceable. Furthermore wage inflation Egypt WhatsApp Number List in China has dented its competitiveness and there are other location choices. So the question is How much more can this phenomenon continue Are we at the end of the era of Chinese exceptionalism This concept dovetails with the idea that China must change its development model in order to gain long term economic and social stability. r a long time and the Chinese leadership is trying to rebalance growth toward consumption.
In other economies where this shift has taken place before — such as the Asian Tigers — it was generally associated with lower growth since relying on endogenous progression of domestic demand is not as powerful as relying on an exogenous inflow of export driving outsourcing. Q Although the U.S. and European markets seem to have stabilized for now what are the potential ramifications globally of China’s market troubles Could their problems spill over into other markets A Certainly it was trouble from a stock market perspective.