3 ms·
> Chinese leadership realizes it's only one real recession away from existential threat. That's true for at least 30 years now.
by snaky 8y ago
> Chinese leadership realizes it's only one real recession away from existential threat.
That's true for at least 30 years now.
- apo 8y agoAccording to Bloomberg, the last Chinese recession was 25 years ago: https://www.bloomberg.com/opinion/articles/2018-07-19/china-s-economy-is-different-no-recessions-in-a-quarter-century https://www.bloomberg.com/opinion/articles/2018-07-19/china-... When the inevitable happens, it's going to be catastrophic. The entire population of young adults in a country of over 1 billion has never experienced a recession.
- deleted 8y ago[deleted]