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clock Created with Sketch. 04/07/18
22:35
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Originally posted by Forged
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The Chinese economy has had a persistent trade surplus with the U.S. and the rest of the world for about a quarter century; that means they sold more stuff to the rest of the world than they bought. The excess cash that was earned from selling stuff abroad, but not buying a like amount of foreign goods, wound up in the hands of the government (central bank intervention in the currency market to keep the Chinese currency from appreciating against the dollar and other foreign currencies).
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So we are too lazy to build stuff with our own raw materials
