
What Would Happen if China's Economy Collapses?
Economics Explained
00:00
The Biggest Difference Between China and the USSR
When the USSR collapsed, it had a total output of around $1.6 trillion according to the best figures that could be obtained by the World Bank. At its height, the USSR was responsible for less than 1% of all global trade and this was at a time when the world traded far less intensely than it does today. Today China is much more integrated into the global economy than the relatively isolated USSR ever was. Even the world as a whole is much more interconnected than it was just 30 years ago with global supply chains,. international finance, and even regular communications spanning countries being far more common than they were back in 1991.
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