Here is how the balance between the two countries actually works out. Almost 70 percent of the United States’ GDP is made up of consumer spending; in China, consumer spending makes up only about 30 percent of GDP. In China, incentivizing production requires keeping lower wages (relative to the world), tax incentives for production and distribution, and investments in automation to achieve production that allows their exports to win on a world market. Conversely, to support consumer spending at 70 percent of the economy, the United States requires relatively higher wages, high credit creation
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