China is an heavily export oriented economy losing access to the markets of the advanced economies day-by-day. Their play is to pivot into a consumer market before their foreign reserves eventually dries up, but that's hindered by the large population.
It's largely a co-dependent relationship at this point, the advanced economies are as dependent on Chinese goods as China is on foreign currency, meanwhile China is actively developing future foreign currency revenue streams through long-term investment in developing economies.
>It's largely a co-dependent relationship at this point, the advanced economies are as dependent on Chinese goods as China is on foreign currency
The advanced economies are dependant on cheap goods, and not specifically Chinese goods. This will become more and more clear as decoupling gains pace. Corporate Japan has largely decoupled from China, with SK following close behind. US, Taiwan and European outfits are next.
China, however, is truly dependent on exports to advanced economies to sustain its economic and political model at its current stage of development. Its population is just too large.
