This week, I’m happy to welcome Han Feizi on my show. He is a writer on Asiatimes and has very interesting and high quality view on China’s economy and its changes over time.

Since I recently stayed in Beijing for 3 weeks, it was good to catch up with him just on what I saw and how it matches up with what he sees on the ground.

One thing that Han really emphasizes is that China’s economy is actually a lot larger than US’s economy. In fact, it is not at all dependent on export, because China specifically does not report on activity of certain service sectors as part of economy. As such, trade war doesn’t really do much to most of China’s regions. The chart above would just show how much of China’s production for each industries is actually dependent on US export. You can see that Consumer Electronics is basically the only major one. Of course, a large part of that is just Apple exporting products made in China to America and then making a huge profit on top.

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