RE: The Financial Shift East

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China is probably the biggest competitor for the US because of the fact that they have been stealing IP and pressing automation like crazy. Not to mention the fact that they are pushing coal and gas for cheap energy. So with all of this, the costs are fairly cheap to produce then export out. But I think the biggest issue for China would be their digital yuan as they do not want to be the world's reserve currency. It would affect a lot of things and whether or not they can export their products for a cheap price.

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The monetary policy is certainly interesting. To their credit, they were able to manipulate to their benefit, much to the unhappiness of the US.

I agree their pursuit of cheap energy (well all energy since their thirst is only growing) is going to really give them a leg up, especially with automation. Robots and computers require energy, not people (or as many). They will keep feeding them electricity and pushing out products at a lower cost.

This is something overlooked in the West. Of course, the drive for renewables only feeds China more since they have some of what is needed.

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