What about the emerging resource economies that send raw materials to China? If they lose serious business then for them it's not a wealth transfer - it's a cessation.
Besides, if we in the developed world have learned anything in 30+ years, it's that falling commodity prices fail to provide a sustainable higher standard of living when incomes stagnate and housing costs rise. I would hardly call that a wealth transfer, more like a temporary bonus - and a weak one at that.
Besides, if we in the developed world have learned anything in 30+ years, it's that falling commodity prices fail to provide a sustainable higher standard of living when incomes stagnate and housing costs rise. I would hardly call that a wealth transfer, more like a temporary bonus - and a weak one at that.