Are High Fuel Prices Going To Derail China’s Economy / Chinese Exports?
Posted by China Sourcing CommentatorOct 17
Since toys painted with lead didnt do it, maybe fuel prices will. If the transport prices are too high, maybe we will have to manufacture some of the things china sends us ourselves. Oh Gee, would that create jobs?
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I think the credit crisis more than the high fuel prices will cause a slowdown in China’s economy.
US consumers have borrowed too much money. And now they have no choice but to decrease their consumption, including the consumption of chinese imports.
Many people in the European Union have also borrowed too much money. Consumers in UK are even more indebted than the US consumers are. And they too have no choice but to cut back on their consumption of chinese made goods, among other things.
High oil prices made things worse for China and most other countries. But the economy would’ve been in trouble even if the oil prices staid the same.
Not in the long run as china is developing its own oil industry. i.e. Mining, refining, manufacturing. China has a plan to not be dependent on any foreign import. (they are even developing their own processors for their computers so they can give intel the boot)
probably, it affects almost everything.
yep