China’s Trade Dependence on the U.S. Declines Sharply, Outpacing the U.S. Shift Away from China
Posted by EconomySoltani
China’s Trade Dependence on the U.S. Declines Sharply, Outpacing the U.S. Shift Away from China
Posted by EconomySoltani
12 Comments
1 year away from Yuan as the worlds currency and an isolated USA. Thanks Don.
Keep messing with the EU and see where all that China trade goes, Donnie.
What this really shows is the two countries joined at the hip for the last 15 years. China isn’t the same country as it was in 2000.
PS: whats up with these weird China bots posting on this thread, lol
Percentages here tell half of the story. Consumption and trade volumes are more interesting here, and how US dependence affects overall chinese output.
Mexico and Canada should join BRICS. The U.S. is run by mentally ill boomers.
It seems to me that China was on a downtrend for a long time and did not accelerate, while US reversed an uptrend.
That seems to mean more to me than the focus on outpacing.
Good chance for the EU to try and open more trade channels with China
Look at the graph. Though presently still 1% greater than China, the *pace* of the US decrease in trade dependence is actually significantly faster than China’s in the years since COVID hit. The title states otherwise based on that one percentage point when viewed from 2016 till now. That specific point in time is arbitrarily selected to result in the title given.
Economies across the globe have evolved in a big way since COVID, so I would argue the years after are far more reflective of future trends than the years before.
It’s a cool graph though! Great visualization.
“When goods don’t cross borders, soldiers will.” – Frederic Bastiat
Wow.. Who would have ever guessed that they would be more agile than the US??
Anyone with a pulse.
Trump killed APAC which was supposed to assist with this type shift.
Thanks Felonious Trump!
“Outpacing the US Shift Away from China” is a really weird way to phrase this. This implies the Chinese economy got a “jumpstart” on shifting away from the US when that is not at all what is happening. In reality, it’s just that a larger fraction of Chinese trade became non-US faster than US trade became non-Chinese. This doesn’t necessarily mean the Chinese did this on purpose.
Outpacing is such a weird word to use here. It made it sound like there’s a who-can-reduce-dependency-faster race going on and reducing to zero is a goal of some sort.