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Everybody wants to have a binary outcome for China: China, is it an all dominating inevitability? Or a massive fustercluck? A or B! And that's silly. China wil
by paulsutter 11y ago
Everybody wants to have a binary outcome for China: China, is it an all dominating inevitability? Or a massive fustercluck? A or B!
And that's silly. China will grow tremendously over the next 30 years, and that growth will be filled with turmoil, booms and busts. Things are only black and white in comic books.
- sharetea 11y agoOr it could be like Japan and stagnate over the next 30 years, due to its similarity to Japan in demographics, exporting country's inability to transform to a consumer economy, massive internal debt, capital flight, etc.
- nickbauman 11y agoThis is why China won't upvalue their currency like Japan did in the 80's (at the insistence, once again, of the US essentially forcing Japan to sign the Plaza Accords to stop Japan from becoming a rentier nation). They've learned from Japan's crisis.
- paulsutter 11y agoChina and Japan are about as different and opposite as two places can be (I've spent time in Asia). Their both very unique places in completely opposite ways. The differences are countless and I struggle to find even minor similarities.
- dreamfactory2 11y agoI've spoken with Chinese business people who have echoed exactly that concern
- sharetea 11y agoI have lived in both. Cultural differences are not economic differences.