There is no way to answer any of the above questions if China is behaving exactly like you said.
Actually, there are obvious and simple answers to all these questions.
China is using US foreign reserve to fund BRICS projects and to issue bonds that compete with the US. The fact that you think this is money they can’t use shows that you haven’t bothered to actually research the subject even a little.
Why, in spite of the fact that China’s purchasing power parity (PPP) has already exceeded the US, the average Chinese worker’s income is still one quarter of the US worker?
Talking about income without considering the context of cost of living is meaningless. PPP is the measure of how far income goes within the country. Why would the government print money and create inflation when incomes are rising on their own.
The real (inflation-adjusted) incomes of the poorest half of the Chinese population increased by more than four hundred percent from 1978 to 2015, while real incomes of the poorest half of the US population actually declined during the same time period. https://www.nber.org/system/files/working_papers/w23119/w23119.pdf
Full year results of household survey for 2024 in China just posted. Real household income and consumption rose faster than overall GDP growth. Gains to rural households are higher than urban ones.
Why is China still so strongly reliant on an export economy (just made a $1 trillion trade surplus this year) when it could have just printed the money to drive internal development instead?
China has been pursuing dual circulation for a while now, and they have been redirecting their exports largely towards the Global South
Actually, there are obvious and simple answers to all these questions.
China is using US foreign reserve to fund BRICS projects and to issue bonds that compete with the US. The fact that you think this is money they can’t use shows that you haven’t bothered to actually research the subject even a little.
Talking about income without considering the context of cost of living is meaningless. PPP is the measure of how far income goes within the country. Why would the government print money and create inflation when incomes are rising on their own.
The real (inflation-adjusted) incomes of the poorest half of the Chinese population increased by more than four hundred percent from 1978 to 2015, while real incomes of the poorest half of the US population actually declined during the same time period. https://www.nber.org/system/files/working_papers/w23119/w23119.pdf
From 1978 to 2000, the number of people in China living on under $1/day fell by 300 million, reversing a global trend of rising poverty that had lasted half a century (i.e. if China were excluded, the world’s total poverty population would have risen) https://www.semanticscholar.org/paper/China’s-Economic-Growth-and-Poverty-Reduction-Angang-Linlin/c883fc7496aa1b920b05dc2546b880f54b9c77a4
From 2010 to 2019 (the most recent period for which uninterrupted data is available), the income of the poorest 20% in China increased even as a share of total income. https://data.worldbank.org/indicator/SI.DST.FRST.20?end=2019&%3Blocations=CN&%3Bstart=2008
Chinese households had stashed away in savings by the end of 2023, hitting yet another record high, data from the People’s Bank of China shows https://www.wsj.com/livecoverage/stock-market-today-dow-jones-bank-earnings-01-12-2024/card/chinese-household-savings-hit-another-record-high-xqyky00IsIe357rtJb4j
Full year results of household survey for 2024 in China just posted. Real household income and consumption rose faster than overall GDP growth. Gains to rural households are higher than urban ones.
China has been pursuing dual circulation for a while now, and they have been redirecting their exports largely towards the Global South
I found a YouTube link in your comment. Here are links to the same video on alternative frontends that protect your privacy: