[newyankee]

This is excellent, the duopoly discussions of the world mostly center around US and China and EU feels increasingly excluded while the rest of the world appears as footnote for good or bad reasons. I do hope this means there is enough dynamism in global trade.

The current challenge is that China has so much industrial overcapacity that it possibly can sell goods at near , sometimes even below mfg costs which makes it difficult if not impossible for India or other country made goods to even think of competing in the middle part of the value chain. Yet, it is the only hope for India to climb at least slightly even if they can never hope to get to the frontier of mfg. Chinese goals now are to amortize their existing mfg investments in any way possible but they still find it difficult to spur domestic consumption

[skinnymuch]

Europe and the EU, Japan are vassal states curently occupied by the US. China, Russia, India are largely independent states. I am sure once Europe is not occupied, it will be talked about more.

[NoLinkToMe]

Russia has become a vassal state of China.