China built an economy on consumer electronics and smartphones.
Machinery and electronics only account for about 40% of China's exports and that includes industrial machinery and electronics as well. That's just exports too, so it doesn't include huge sectors like agriculture, infrastructure, housing, and local services.
It really hurts the credibility of the China doomers when you realize that their analysis is predominantly vibes-based.
"the last time I looked at China's economy was in 2005, but I reckon nothing much has changed there since then. hasn't changed much since then in the West, so..."
Machinery and electronics only account for about 40% of China's exports and that includes industrial machinery and electronics as well. That's just exports too, so it doesn't include huge sectors like agriculture, infrastructure, housing, and local services.
It really hurts the credibility of the China doomers when you realize that their analysis is predominantly vibes-based.
"the last time I looked at China's economy was in 2005, but I reckon nothing much has changed there since then. hasn't changed much since then in the West, so..."