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What should China do if USA/dollar crashes tomorrow?
China is diversifying to prevent a hugh burden being put on China when it happens by increasing trade with other nations. African countries are developing to hopefully fillin the gap as new consumers when the USA/Dollar crashes. Not just African countries, but the middle east, asia, europe and south american countries are currently looking toward China to fill-in the gap that the USA will soon not be able to handle.
Many nations rely on China’s economy as burden shifts from USA to China. There is still a lot of trade between the USA and China. This is apart of the Chinese economy, so if the USA/dollar crashes this vacuum of missing customers needs to be filled or a crisis would occur. [via:bbs]
I think this is good topic for Chinese people to think of. If they are a big business people, then this is a serious matter and once it happened, that’s mean trouble. But I think it will be more than just a “crash” because many other countries still have their trade with USA.
Well some of them said that China should do what it is doing trying to diversify away from the US economy. Most countries in the world are doing this. I would hope soon Japan and South Korean increases diversifying away from the US economy, or least have a very good backup plan when it occures.
What do you think?
If you have you own opinion, please say it in the comment box below.
Economic depression cannot be cured by legislative action or executive pronouncement. Economic wounds must be healed by the action of the cells of the economic body - the producers and consumers themselves. One more thing is in the business world, everyone is paid in two coins: cash and experience. Take the experience first; the cash will come later. Remember, a business that makes nothing but money is a poor business.
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