Posted on 07/20/2023 6:27:12 AM PDT by SpeedyInTexas
“Putin expedition did no one a favor, except the Chinese”
It definitely strengthened China greatly, relative to Russia. The Chinese Yuan strengthened more than 40% against the ruble this year. Business to business transactions in Russia conducted in yuan have surged to almost half of total volume, from only a percent or two before the invasion. People joke that the Chinese Ambassador is now the second most powerful man in Moscow.
The West however, has been awakened to a significant degree to security concerns, and is spending more on Defense, and taking the Chinese threat more seriously as well. So that has not benefitted China. Investors are fleeing from China.
https://www.safeguardglobal.com/resources/blog/top-10-manufacturing-countries-in-the-world
It’s basically China, and the 9 dwarfs. Realistically we are 60% ish of China.
So the answer was 1, thanks.
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