Even gains in domestic productivity in new industries don't change the structure of final demand for China's products because the marginal demand for everything China produces is still outside of China rather than inside China, so efficiency improvements cannot solve the demand problem.
causalpending
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Logan WrightEvidence Quote
“even gains in domestic productivity don't change the structure of final demand... the marginal demand for everything that China produces is still outside of China rather than inside of China”
Created: 8/12/2026, 6:32:13 PM
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