What Happens To China If World Trade Falls?

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• published: 15 Oct 2016
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What Happens To China If World Trade Falls? Subscribe Us for More Videos at https://goo.gl/cbIx7Q What Happens To China If World Trade Falls? Imagine a country that had once been very poor, yet after a period of turmoil had introduced a series of robust, liberal reforms under a far-sighted leadership. Then that country had experienced decades of spectacular, export-oriented growth, based in part on abundant cheap labor, and became rich. Of all the countries in the world that this might describe today, China would be at the top of that list, but in fact I am describing Argentina at the beginning of the 20th Century, and their story had further to go. One key difference between China and Argentina is that China has industrialized, where Argentina did not. Because of this, and because of its sheer size, China can in theory propel its own development. However, China’s trade surplus amounts to about $50 billion a month currently, reaching a record of $593 billion in 2015, or over 5% of GDP. “Developed, Underdeveloped, Japan and Argentina.” In a story widely believed to be apocryphal, the Nobel prize-winning economist Simon Kuznets said there were “four kinds of economies; developed, underdeveloped, Japan and Argentina.” If Kuznets were alive today he would have witnessed the two decade stagnation of Japan, and perhaps come to ignore Argentina altogether. He would also, however, have witnessed the extraordinary rise of China, premised on exports, cheap labour and access to open, global markets through the WTO (Pax Americana). "Declining Trade" A vulnerability which has led to Daiwa bank to forecast a 4.8% decline in GDP for China if Trump is elected and follows through with his protectionist plans. ---------------------------------------- More Information about What Happens To China If World Trade Falls: Forbes on Twitter: "What happens to China if world trade falls? Just ... China and the World Trade Organization - Wikipedia, the free ... https://en.wikipedia.org/wiki/China_and_the_Wor... China became a member of the World Trade Organization (WTO) on 11 December 2001. The admission of China to the WTO was preceded by a lengthy ... 2015–16 Chinese stock market crash - Wikipedia https://en.wikipedia.org/wiki/2015–16_Chinese_st... The Chinese stock market crash began with the popping of the stock market bubble on 12 June ... Intended to draw business from around the world and project the Chinese ... In China, the stock market trading activity is dominated by individual ... responsible for proposing and enforcing securities laws, comes into play. China - Wikipedia https://en.wikipedia.org/wiki/China China, officially the People's Republic of China (PRC), is a sovereign state in East Asia. With a ... China had the largest economy in the world for most of the past two thousand ... including the WTO, APEC, BRICS, the Shanghai Cooperation Organization ..... The Qin dynasty lasted only fifteen years, falling soon after the First ... World Trade Organization - Wikipedia https://en.wikipedia.org/wiki/World_Trade_Orga... The World Trade Organization (WTO) is an intergovernmental organization which regulates .... The agreements fall into a structure with six main parts: .... "Grant someone a special favour and you have to do the same for all other WTO members. .... The Republic of China (Tai ---------------------------------------- People who watched this video: https://www.youtube.com/watch?v=v4PGqihvRuk ------------------------------------------- CONNECT WITH US: Facebook : https://www.facebook.com/Business.World.YT Twitter : https://twitter.com/Bussiness_World ------------------------------------------ Don't forget to check out our YouTube Channel: https://www.youtube.com/channel/UCYLemsr9ne0JgYrSjmrBBQQ and click the link below to subscribe to our channel and get informed when we add new content: https://goo.gl/cbIx7Q --------------------------------------------