also remember China relies a lot on those countries also, their GDP isn’t overly high considering their output, in fact it’s going the other way- this is why they’ve held interest rates even though inflation is so high, they can’t afford it.
Property, construction and manufacturing has effected their bottom line immensely. China are heavy into manufacturing, if no one takes their supply, it’s arguably worse with that much tied up into their own economy
Ann: Alipay adds ChinaPayments to its app, page-61
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