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China Needs New Places to Sell Its Mountain of Stuff

davfordavfor
in Off-Topic
China’s overall exports to the United States slumped 8.5 percent in the first half of this year. China’s exports to the rest of the world have risen only 2.1 percent. As Beijing’s trade war with Washington drags into its second year, the question now is who might buy China’s extra factory goods if the United States does not.

Faced with further potential economic pain, Beijing is looking to open up other markets. The centerpiece of its efforts is a push this summer to negotiate an Asian free trade pact called the Regional Comprehensive Economic Partnership, or R.C.E.P. The partnership would encompass the 10 countries of the Association of Southeast Asian Nations plus Australia, China, India, Japan, New Zealand and South Korea.
https://nytimes.com/2019/07/26/business/china-trade-war-us-rcep.html


Comments

  • Sven
    Where are the Chinese middle class consumers? This imbalance cannot continued without affecting their GDP.
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