Wouldn’t we just be back to the 1950-1970s again? China bans all trade, except through Hong Kong. The rest of the world doesn’t notice much, China is really poor. Just look at North Korea, that is basically what juche is.
Most of the manufacturing capabilities of the US has completely shifted over to china. So there would be damage to everyone now. I'm just asking about the extent of the damage. Is survival possible?
Also I'm not saying ban all trade. Just ban all trade with the US. This would be the retaliatory tactic as that's where the pressure is coming from as china is directly challenging the US for the top spot in the economic hierarchy.
Pardon my ignorance. Why would China make that exception? Is Hong Kong a more important trading centre than (say) Shanghai?
You know this, but a lot of people are just behind on the current economic reality. Not surprising given the speed at which china moves.
Compare Pudong (or Beijing, or any PRC city) airport to HK airport. You can tell the commercial activity between each is on a different level, and that's just an analogy for how things work in China.