this post was submitted on 28 Apr 2025
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Bessent today: China must de-escalate trade war first because we buy 5 times more than they do. (www.cnbc.com)
submitted 2 months ago by humanspiral@lemmy.ca to c/economics@lemmy.ml
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US exports are 2% of China GDP. It is likely to have higher GDP growth than US this year, while the US has shortages of things it cannot quickly replace. LNG, agriculture, aeroplances are easy to replace for China. Humiliating US has more value, than figuring out what they can boost 2% of GDP on.

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[–] humanspiral@lemmy.ca 3 points 2 months ago

China debt to GDP is pretty low. If they wanted to shift manufacturing around, to boost gdp, it could be towards weapons :(