So the dream here is that Americans have a lot less disposable income and work physically demanding jobs, while Chinese factory workers get to be management consultants with luxury SUVs and holiday homes? I can see why this idea is appealing to someone, just not sure it's Americans.
US Treasury Secretary Bessent: Rebalancing of China economy towards consumption and US economy towards manufacturing in two to three years would be a huge win - JPMorgan session.
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