China relies on exports, so their economy is not self-sustaining. Their middle class is under developed, and it is politically dangerous for them to allow middle class wealth to grow and continue as an authoritarian nation. If they wish to compete economically with the U.S. they must have favorable trade tariffs, which Trump is not allowing. China’s best hope is for the Democrats to sweep Trump out of office so they can resume financing the Chinese economy and technology.
Answer ( 1 )
China relies on exports, so their economy is not self-sustaining. Their middle class is under developed, and it is politically dangerous for them to allow middle class wealth to grow and continue as an authoritarian nation. If they wish to compete economically with the U.S. they must have favorable trade tariffs, which Trump is not allowing. China’s best hope is for the Democrats to sweep Trump out of office so they can resume financing the Chinese economy and technology.