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submitted 3 days ago by themachinestops@lemmy.dbzer0.com to c/technology@lemmy.world

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[–] baguettefish@discuss.tchncs.de 7 points 3 days ago (2 children)

unless they eventually don't need foreign currency anymore because their own country produces everything they could ever need or want

[–] Atomic@sh.itjust.works 2 points 2 days ago* (last edited 2 days ago)

Nope. China is too big of a country to produce everything they need themselves.

Contrary to popular belief, what china imports the most is actually electronic components. Followed by fossil fuels.

Those two categories alone account for ~40% of all Chineese imports as of 2024.

[–] fruitycoder@sh.itjust.works 0 points 2 days ago

I'm sure the elites in China won't take your money because they have gambling, sports cars, and hookers at home /s