I guess that's one way to describe the tense rivalry without completely calling your most important trade partner an "adversary".
I guess that's one way to describe the tense rivalry without completely calling your most important trade partner an "adversary".
China should fall pretty quickly behind Europe as well this year. China's economy has fallen off the cliff - 80% decrease in foreign orders, 20% official youth unemployment rate, 50% reduction in home prices, 80% decrease in government land sales
China is no longer a partner to US, but a competitor and adversary. To Europe and Japan as well. China made that very clear when they announced unlimited friendship with Russia last year.
It's Russia + China + Iran vs Europe + US + Japan + Taiwan + South Korea + Australia + Canada
To be clear, this was before the war and China has since walked it back a bit.
I do not find these figures to be credible. They would an indicate a cataclysmic, wartime level sort of economic collapse that I see no evidence of.
Since you post this kind of stuff all the time, I can't help but feel that you have an axe to grind. Not that I would blame you for hating the Chinese government, but still... are you sure that you are not being irrational about its prospects?
https://www.census.gov/foreign-trade/statistics/highlights/t...