[mc32]

China will try to avoid this extreme scenario lest they end up like Russia --at least Russia has natural resources to export, if nothing else.

They will have learned that scaring off foreign investment is not good for their economy long-term. They don't want to squander their potential, I don't think.

Still, they have serious problems to address. Issues the US and the EU and other Asian economies have with them vis a vis their unfair trade practices.

If the EU and other Asian economies join up with the US and form one front on this, they will very likely come correct, if reluctantly.

[dis-sys]

When google chose to quit from the Chinese market, many people told me that China basically cut itself off from the modern world. 8 years on, we all know full well what actually happened. Comparing China to Russia is laughable at best - China's domestic market is 10x the size of Russia, it is comparable to the entire EU but with only one language, one system plus one culture making it much easier to do marketing for whatever products you can think of. In your single sided mind, you consider foreign investment something that makes China progress, yet you failed completely to recognise the fact that many many foreign companies rely on the Chinese market to continue to justify their existence.

The whole concept of US/EU/SEA countries should all team up against China is also laughable. Just look at EU, for Internet companies, mobile and AI, EU lost almost everything to the US dominance, EURUSD dropped 35% from its peak 10 years ago. You seriously believe EU has the interest to further strengthen the US?

[mc32]

Well see, maybe you’re right and I’m wrong. Still think the issues among East Asia, Europe and the US have enough in common in terms of unfair trade practices it behooves them to act in concert to get China to normalize their trade position.