«20% of China’s GDP is manufactures exports.
65% of that is domestic value-added.
20% of that final demand is from the US.
Total exposure to U.S. demand is 0.2x0.2x0.65=2.5%. »
Consumption (white) : food, etc.
Intermediate and capital : oil, machines, etc.
Others : transportation, etc.
He also said that he apparently wants to increase the military budget by more than 12%(, from the current $890 billions)
Some graphs from https://x.com/BenjaminNorton/status/1909399503821848951 and https://x.com/RnaudBertrand/status/1909404626459541622 :
«20% of China’s GDP is manufactures exports.
65% of that is domestic value-added.
20% of that final demand is from the US.
Total exposure to U.S. demand is 0.2x0.2x0.65=2.5%. »
Consumption (white) : food, etc.
Intermediate and capital : oil, machines, etc.
Others : transportation, etc.
He also said that he apparently wants to increase the military budget by more than 12%(, from the current $890 billions)
