this post was submitted on 19 Apr 2024
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[Dormant] Electric Vehicles
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It is becoming a problem as China expands its manufacturing capacity in that it is rapidly hitting a point where China becomes mostly self-sufficient in all manufactured goods and only relies on the rest of the world for natural resources. For some economies, this affectively means they don't have anything of value to trade with China.
Last time this was a major problem, the British went into the opium trade.