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China's trade surplus surpasses $1 trillion for a 2nd straight year, as exports surge 35% (apnews.com)
submitted 17 hours ago by to c/world
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cross-posted from : https://lemmy.zip/post/74758095

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3 comments in c/globalnews@lemmy.zip view that post
[–] 4 points 16 hours ago

Thanks, Trump!

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    [–] 2 points 11 hours ago

    Tarrifs worked great! And only cost Americans trillions!

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    [–] 1 point 11 hours ago

    Is it something like mercantilism with Chinese characteristics?

    Rich Country, Poor Citizens: China’s $20 Trillion Paradox Shows That For The Communist Party, A Few Thousand Tycoons Are Easier To Manage Than A Broad Middle Class

    [... ] It is not hardship that is politically dangerous, but a comfortable middle class […] On the institutions that underpin a secure middle class — most importantly a social safety net — China diverges sharply from its peers. Social spending sits near 10% of gross domestic product, roughly half the average for countries in the Organization for Economic Cooperation and Development. Xi often warns that welfare programs breed idleness, a surprising stance for an avowed Marxist. The underlying motivation is more likely that households forced to self-insure stay precarious and pliable [...]

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    1 comment in c/world@lemmy.world view that post
    [–] 8 points 17 hours ago

    How's that trade war going Trump?

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