GDP is a misleading thing to look at. 15% of Chinese exports go to the US. 7% of commodities imported to China come from the US. The US is the largest trade partner of China. It’s still manageable for China to cut off trade from the US, but it’s more significant than 2%.
I think it’s misleading to only look at this in terms of their trade exclusively. This is a country of 1.4 BILLION people. The vast majority of their GDP, their economic activity, is internal.
Let’s break this down to something simpler. Let’s say I’m an artist and produce paintings. I sell 997. I give my wife 2. I give my mom 1. Wow, my wife is taking 66% of all my donated paintings. She’s such a big source of paintings I give away for free. Isn’t this a major issue for me? Not really. It’s 0.2% of the paintings I produce. It’s a drop in the bucket of my total painting production.
Now, 2% of a countries GDP is a big deal. If any sizeable country loses 2% of their GDP in the matter of a month that causes a load of pain. That can mean businesses closing, people being laid off, rents being unpaid, and so on. It’s an issue any government under any system will have to deal with.
The west is painting the loss of trade to the USA as some economic nuke being set off in China because they are using the numbers you present. Those numbers are fine. They only show part of the picture. When you start considering the Chinese economy as a whole you realize that while this trade war is a pain point for them it is absolutely one that is manageable for them. That’s why I point this out in regards to their total GDP.
To think that a country can rely on it’s own internal economy is the foolish mistake that Trump is making. China is not foolish in this way. They know that the growth of their economy is accomplished by trade with other countries. Trading with the US was very useful for the growth of China’s economy. When China reduces trade with the US, they will increase trade with other countries to compensate, not rely on internal economy.
This is possibly why China is doing One Belt One Road, because they want to create more trading partners. Which is why I think it is misleading to compare their internal economy with their international trade.
I never claimed that China is attempting to solely rely on their own internal economy. I also don’t think they are making the same mistake as Trump. See, Trump went into a trade war with the entire fucking world. China did not. This is an important distinction because China has the entire fucking world to do trade with. This isn’t “possibly” why China is doing OBOR, it is it’s explicitly stated reason as well as the obvious reason.
Why you would come in here and present these ideas as if perhaps I may have pushed them is strange to me because I did not. In fact, nobody would because they are foolish, ignorant ideas. Much like your insistence that we must isolate the trade portion of a country’s economy when we consider how a trade war might affect that economy.
I made this statement “GDP is a misleading thing to look at.” Then the first reply to your comment where you mention first the 2% GDP number, the OP of the post has replied to you “barely noticeable drop in exports for China.” Then you replied to that user, correcting them that the 2% number is more significant than it appears. You are seeing in real time that the information you provided has the capability of misleading people.
The 2% number that you are citing also doesn’t account for the imports that China receives from the US, which makes up 7% of all imports. Internal trade and external trade are misleading to compare because external trades are for the purpose of acquiring things that can not be gotten internally. These are among reasons why I say 2% is a misleading number to look at when you consider the total impact of loss of trade.
China knows that it is being hurt a decent amount by losing trade with the US. This is why China has said to drop the tariffs. China has not denied that the tariffs are hurting them. China likes doing trade with the US. What the Chinese government has said is that the US is a bully and that bullies take a mile when you give them an inch. China is hoping that the US concedes to their self-inflicted wounds and then continues to do trades with China.
The 2% GDP number includes all trade with the USA. Is around 2.8%. So you are wrong. I am including that.
Trade with the USA, imports and exports, is around 10% of China’s trade. That percentage has been trending downwards in recent years.
The articles that discuss this issue are all presenting it as how it affects each economy. If we want to understand that we MUST consider the percentage of the GDP that this trade is for us to have any inkling on the bigger national picture. Looking at trade alone tells us nothing. It’s missing key information we need to evaluate this impact. Without presenting this number, you are misleading people as seen in any other thread around the internet that discusses this topic. We can literally see it on a mass scale (not just one person making an off the cuff comment) in real time.
Of course China doesn’t want that 2% deduction in their GDP. I never claimed otherwise. You are once again presenting a talking as if it came out my mouth. Just shove your hand up my ass and puppet my mouth already.
GDP is a misleading thing to look at. 15% of Chinese exports go to the US. 7% of commodities imported to China come from the US. The US is the largest trade partner of China. It’s still manageable for China to cut off trade from the US, but it’s more significant than 2%.
I think it’s misleading to only look at this in terms of their trade exclusively. This is a country of 1.4 BILLION people. The vast majority of their GDP, their economic activity, is internal.
Let’s break this down to something simpler. Let’s say I’m an artist and produce paintings. I sell 997. I give my wife 2. I give my mom 1. Wow, my wife is taking 66% of all my donated paintings. She’s such a big source of paintings I give away for free. Isn’t this a major issue for me? Not really. It’s 0.2% of the paintings I produce. It’s a drop in the bucket of my total painting production.
Now, 2% of a countries GDP is a big deal. If any sizeable country loses 2% of their GDP in the matter of a month that causes a load of pain. That can mean businesses closing, people being laid off, rents being unpaid, and so on. It’s an issue any government under any system will have to deal with.
The west is painting the loss of trade to the USA as some economic nuke being set off in China because they are using the numbers you present. Those numbers are fine. They only show part of the picture. When you start considering the Chinese economy as a whole you realize that while this trade war is a pain point for them it is absolutely one that is manageable for them. That’s why I point this out in regards to their total GDP.
To think that a country can rely on it’s own internal economy is the foolish mistake that Trump is making. China is not foolish in this way. They know that the growth of their economy is accomplished by trade with other countries. Trading with the US was very useful for the growth of China’s economy. When China reduces trade with the US, they will increase trade with other countries to compensate, not rely on internal economy.
This is possibly why China is doing One Belt One Road, because they want to create more trading partners. Which is why I think it is misleading to compare their internal economy with their international trade.
I never claimed that China is attempting to solely rely on their own internal economy. I also don’t think they are making the same mistake as Trump. See, Trump went into a trade war with the entire fucking world. China did not. This is an important distinction because China has the entire fucking world to do trade with. This isn’t “possibly” why China is doing OBOR, it is it’s explicitly stated reason as well as the obvious reason.
Why you would come in here and present these ideas as if perhaps I may have pushed them is strange to me because I did not. In fact, nobody would because they are foolish, ignorant ideas. Much like your insistence that we must isolate the trade portion of a country’s economy when we consider how a trade war might affect that economy.
I made this statement “GDP is a misleading thing to look at.” Then the first reply to your comment where you mention first the 2% GDP number, the OP of the post has replied to you “barely noticeable drop in exports for China.” Then you replied to that user, correcting them that the 2% number is more significant than it appears. You are seeing in real time that the information you provided has the capability of misleading people.
The 2% number that you are citing also doesn’t account for the imports that China receives from the US, which makes up 7% of all imports. Internal trade and external trade are misleading to compare because external trades are for the purpose of acquiring things that can not be gotten internally. These are among reasons why I say 2% is a misleading number to look at when you consider the total impact of loss of trade.
China knows that it is being hurt a decent amount by losing trade with the US. This is why China has said to drop the tariffs. China has not denied that the tariffs are hurting them. China likes doing trade with the US. What the Chinese government has said is that the US is a bully and that bullies take a mile when you give them an inch. China is hoping that the US concedes to their self-inflicted wounds and then continues to do trades with China.
Look, you can be wrong. It’s okay.
The 2% GDP number includes all trade with the USA. Is around 2.8%. So you are wrong. I am including that.
Trade with the USA, imports and exports, is around 10% of China’s trade. That percentage has been trending downwards in recent years.
The articles that discuss this issue are all presenting it as how it affects each economy. If we want to understand that we MUST consider the percentage of the GDP that this trade is for us to have any inkling on the bigger national picture. Looking at trade alone tells us nothing. It’s missing key information we need to evaluate this impact. Without presenting this number, you are misleading people as seen in any other thread around the internet that discusses this topic. We can literally see it on a mass scale (not just one person making an off the cuff comment) in real time.
Of course China doesn’t want that 2% deduction in their GDP. I never claimed otherwise. You are once again presenting a talking as if it came out my mouth. Just shove your hand up my ass and puppet my mouth already.