5 points ·
Mostly agree, but;
The reality is that if China stops supplying the world with stuff, we're fucked
The entire world relies on China's cheap and available "stuff", and it encompasses *everything*
I think is more their engineering expertise than cheap manufacturing. Cheap manufacturing can be easily moved to other countries as is already happening in India and Vietnam among others. However China has big expertise in high tech/large scale manufacturing in many areas like electronics, batteries, EV’s,… that doesn’t move easily.
However for those engineering domains China also strongly relies on other countries. In our world you can’t do everything alone.
The have enormous military power
They haven’t fought a war in 4 decades though.