What would happen to China if America Suddenly stops buying their products?


chinas gdp around 7,900 billion $, trade around 350 bn $ , import around 100 bn $ us. exports around 4 % of economical output. but: growing @ around 8 % per year = 650 bn $.

1. sell products other countries.
2. maybe reduce growth 8 % 4 % year , after no effect.
3. major problem us: cellphones , lcd tv's come china large number of consumer goods (shoes/toys/cloths) , not have industries available produce numbers short term (there no products apple produced in china) , needs months years build industries again.
5. average income of chinese worker 5000 $ year, comparable job in 30,000 - 40,000 $, products more expansive if ever produced in us.

easy task: go in mall or walmart , pick products , check made , consider not available short term or significant more expansive ......

plus: ows china appr. 2,000 bn $ dept: no more trade - no more interest china finance deficit = rising interest rates finance deficit .....



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