Quote:
Originally posted by turbo6bar
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It is not that we choose NOT to buy Chinese goods, it is that we choose to NOT buy period.
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Call me a pessimist, but I don't think things are looking good for the US economy. I cannot see how this is good for the Chinese economy.
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incorrect. the first response in any economic turndown is to first eliminate extraneous spending (such as movies and dinners-out) this is followed (and in many cases actually replaced) by buying products that are more "economical" (read: cheaper DVD players) and only then does not-buying-at-all come in as a last response
you are correct that (if the economy in the U.S. does decline drastically) in the long-term imports will weaken. this would ultimately hurt the Chinese economy, but not anytime soon
the problem facing the Chinese economy is that they, too, need to deal with the rising cost of oil, which is why Jintao has been travelling extensively to foreign nations in order to secure much-needed oil supply deals