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Cake day: July 11th, 2024

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  • The issue is that China has few viable markets for export left. They are in a trade war with the US, which has 25% of global nominal GDP, they themself have 16%. China has had military issues with Japan and India two massive trade blocks 3.5% of the global economy each. If you add to that the countries they have pissed of in the South China Sea you probably get to another 10% with good reasons to not allow Chinese products.

    Given how much China exports, the EU is an incredibly important market with 18% of the global economy. It is also why Trump is such an idiot to piss of the EU. This could break China.