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Lived in both China and USA for 10+ years each. Things that make no sense in American eyes make a lot sense in China. > In 2012, I traveled for about 6 weeks i
by thetechlead 8y ago
Lived in both China and USA for 10+ years each. Things that make no sense in American eyes make a lot sense in China.
> In 2012, I traveled for about 6 weeks in China.
Six weeks staying in China means nothing. China is already the 2nd largest economy but it still develops at an unprecedented rate. Urbanization in the country only reach 60% and will increase to 90% in 2030. 'Ghost cities' and empty malls will be filled very quickly in the next 3-5 years. There's actually a shortage of malls/supermarkets/schools in most communities in China, and that's the reason why e-commerce prevails and companies like Alibaba are reinventing retail.
> So pretty much everything I read about China's economic development, I don't believe.
You shouldn't, especially if you only read reports from Western sources, which are heavily biased and often telling only what people prefer to hear. People in the States are either ignorant on what's going in China, or so entitled to think there's only one way for how societies work.
- setgree 8y agoIt's a fair point, 6 weeks 7 years ago is nothing. This is the data I collected, but my priors are that state-run economic development tends to be inefficient and that the stats we're reading from the CCP are false. These are pretty strong beliefs for me. But if I had more data I might come to a different conclusion.