Calvin27
Eats Squid
No problem, we'll just up our coal sales to india.Our resource markets should take a hit as we heavily deal with China but our economy is more in line with the UK and US and they're still battling with inflation.
Problem with China is the wealth-inheritance effect is amplified compared to western countries. You have wealth of two parents going to on grandchild. So the haves and have nots gets increasingly bigger gap. When everyone is rapidly increasing their quality, it's not a problem. When this stagnates it is - and they are stagnating now. Unlike Australia, they can't just pump immigration and rely on exports to get you through. I will note though that with an increased population our share of 'export wealth' decreases per capita, but hey nerfonoicists rekon the internal consumption more than makes up for it!ll the students I spoke with were uniformly uncertain about how they were ever going to get jobs, or afford housing, so no different from most Western countries in that respect.