@kentwillard so i don’t think China is focusing on exports in fact. Western economists always say so, but that’s because Western industries don’t like the combination of Chinese overcapacity and “free trade” market access. we accuse as their “strategy” the side effects that trouble us, but i think they are side effects, China will do much the same when their market access is cut off. (they’ll still export to the the less industrial, nonaligned world!) 2/