China Economy is collapsing:

[Devils_Advocate]

Investors Caught Off Guard By Chengdu Covid Lockdown | OilPrice.com

An unexpected lockdown of China’s megacity of Chengdu has caught inventors off guard, with Asian stocks tumbling on the news

oilprice.com

After reading the report it seem China Economy is not well after all and the Communist Party ( Are they truly Communist? ) is now fretting over the lockdowns and housing market issues they face.

So after reading the article please read the poll and answer it and thank you.

 

[Dekster]

Nope. Less competition for resources in an inflationary period actually helps take the stress off western economies.

 

[Moonglow]

I will miss my cheap crappy trinkets from China...

 

[Oddball]

Nope. Less competition for resources in an inflationary period actually helps take the stress off western economies.

Nearly all the manufacturing for western economies has been moved there.

Even though such a collapse of the Chinese economy will serve as a huge wake-up call, it's going to take some time for the world's nations to tool up to fill the manufacturing hole.

 

[Moonglow]

Nearly all the manufacturing for western economies has been moved there.

Even though such a collapse of the Chinese economy will serve as a huge wake-up call, it's going to take some time for the world's nations to tool up to fill the manufacturing hole.

Start tooling, Dude.

 

[Devils_Advocate]

I will miss my cheap crappy trinkets from China...

Can always buy made in Taiwan, Korea or Japan but not the Philippines!

 

[Devils_Advocate]

Nearly all the manufacturing for western economies has been moved there.

Even though such a collapse of the Chinese economy will serve as a huge wake-up call, it's going to take some time for the world's nations to tool up to fill the manufacturing hole.

Best thing Canada and the U.S. can do is move everything to Mexico, Central and South America and flip China the bird!

 

[Oddball]

Best thing Canada and the U.S. can do is move everything to Mexico, Central and South America and flip China the bird!

How about moving it back to Murica?

 

[Devils_Advocate]

How about moving it back to Murica?

You are so silly!

Like our corporate masters would do something like that!

 

[Oddball]

You are so silly!

Like our corporate masters would do something like that!

If there's a buck in it....

 

[Devils_Advocate]

If there's a buck in it....

They can make more money south of the border and keep the illegals down there…

 

[Dekster]

Nearly all the manufacturing for western economies has been moved there.

Even though such a collapse of the Chinese economy will serve as a huge wake-up call, it's going to take some time for the world's nations to tool up to fill the manufacturing hole.

$500B in GDP loss in a $21T economy is a 2 to 3 % drop. Hardly a collapse or knock on great depression. Its only about 17% of our total trade a year. Sure it would have consequences, but consequences equal opportunities.

 

[Oddball]

$500B in GDP loss in a $21T economy is a 2 to 3 % drop. Hardly a collapse or knock on great depression. Its only about 17% of our total trade a year. Sure it would have consequences, but consequences equal opportunities.

What ripple effects will that loss have?....Murica still does export products....Can't sell anything to people who haven't any money.

 

[Dekster]

What ripple effects will that loss have?....Murica still does export products....Can't sell anything to people who haven't any money.

The numbers I cited include US exports to China. They are the combined value of our exports and imports with them. As for knock-on, we will sell to other people and buy from other people. Supply and demand tends to be self-adjusting pretty quickly these days.

 

[MarathonMike]

I will miss my cheap crappy trinkets from China...

Yeah ok, the problem is it isn't 1970 and China makes Way More than cheap trinkets.

 

[expat_panama]

The numbers I cited include US exports to China. They are the combined value of our exports and imports with them. As for knock-on, we will sell to other people and buy from other people. Supply and demand tends to be self-adjusting pretty quickly these days.

Yeah, reality always bats last. Meanwhile things get interesting. I just got off the phone (skype) w/ a buddy of mine living in China & he mentioned that atm about 200 million people where under covid lock-down. They can do that there w/ cameras & ID card chips all over; I wouldn't call that oppressive (which it is) as much as I'd call it downright goofy.

But hey, they don't want my advice so I'll just share it here...

 

[Dekster]

Yeah, reality always bats last. Meanwhile things get interesting. I just got off the phone (skype) w/ a buddy of mine living in China & he mentioned that atm about 200 million people where under covid lock-down. They can do that there w/ cameras & ID card chips all over; I wouldn't call that oppressive (which it is) as much as I'd call it downright goofy.

But hey, they don't want my advice so I'll just share it here...

I don't need a friend in China because the OP already provided a source for that information. It is also not new news. They have been doing these lockdowns awhile here and there. It is why gas prices are falling here, not Decomposing Joe releasing like two days worth of oil from the strategic reserve over many months. I appreciate their efforts at lowering our inflation. If that means I cannot buy some knock off mickey moose tshirt, so be it.

 

[Unkotare]

Nearly all the manufacturing for western economies has been moved there.

Even though such a collapse of the Chinese economy will serve as a huge wake-up call, it's going to take some time for the world's nations to tool up to fill the manufacturing hole.

It's already underway.

 

[multivita-man]

I don't need a friend in China because the OP already provided a source for that information. It is also not new news. They have been doing these lockdowns awhile here and there. It is why gas prices are falling here, not Decomposing Joe releasing like two days worth of oil from the strategic reserve over many months. I appreciate their efforts at lowering our inflation. If that means I cannot buy some knock off mickey moose tshirt, so be it.

The lockdowns will continue until Chairman Xi gets his third term. Then all bets are off as to what will happen.

If China's economy totally craters that increases the likelihood they might do something rash, like try to take Taiwan by force, or if nothing else, try to jam up the Taiwan straight.

 

[Dekster]

The lockdowns will continue until Chairman Xi gets his third term. Then all bets are off as to what will happen.

If China's economy totally craters that increases the likelihood they might do something rash, like try to take Taiwan by force, or if nothing else, try to jam up the Taiwan straight.

I think they are positioning themselves strongly with the BRICS thing. If that ever gets more formalized into a proper preferential trade pact, America could be in trouble. The C and the I combined are half the world's population.