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China's Plan to Decouple From the US Dollar | Diana Choyleva & Dinny McMahon

Hidden Forces

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The Importance of China's Importation of Importable Goods

There are elements of that because let's say China does achieve its vision of common prosperity that it is able to better distribute the nation's wealth to its population and Chinese people consume far more than they actually do at the moment. But ultimately China isn't that interested in importing manufactured goods certainly manufactured goods that have a sort of a reasonable technology content what it primarily wants to import is natural resources perhaps processed natural resources and probably at a pinch sort of low-end manufacturers so perhaps there is kind of that element of imperial economic model there I don't think necessarily the Chinese are explicit about it but in terms of what a an economic division of labor would look like in a world in which China consumes far more

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