Earlier quoted context omitted.
But they won't have anywhere to sell their products. Most of their economy gone just like that. The internal Chinese economy* is at 80% as against 20% for exports.** Of those exports, the US plus Europe are about 30%. In other words, if the entire West is decoupled from China's economy, the Chinese economy still has 80%+ (70% of 20% = 14%) or a total of 94% left. The West is not actually as important as it thinks. *…
This is a good analysis. People need to hear it. Do you have sources for these numbers?
It's very likely that the internal economy is even larger now, because there was a new emphasis on enlarging it to reduce the economy's vulnerability to external factors when the US started to work on reducing imports from China some years back.
* EDIT: Latest figure from 2022 is 20.68%. https://www.theglobaleconomy.com/china/exports/#:~:text=Expo....
Exports to US (2021) are 3% of China's GDP. https://www.aei.org/foreign-and-defense-policy/us-and-china-....
Many Americans think that China would go under if the US stopped importing from China. In fact, exports to the US are less than 15% of China's exports world-wide. (3/20.68 x 100 = 14.51)
The China of 2023 is the US of 1942. When the US gets belligerent with China, I just shake my head. It's a bit like a 5-year-old kid threatening a quarter-back.