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posted by [identity profile] benlehman.livejournal.com at 02:58pm on 21/06/2005
I agree with you that the situation is pretty dire. But two things make it not as bad.

1) China has no natural resources to speak of, except farmland. Okay, and coal, but they don't export that, as far as I know.

2) China's economy is increasingly internalized. At this point, almost %70 of the goods manufactured in China stay in China, and that number is increasingly rapidly. I imagine the govt. will wait until that hits some magic number (probably %90) before a revaluation.

yrs--
--Ben
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