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It'll be fine as long as people in bulk are reasonably happy, which equates to the economy doing well which allows china's economy to look and feel good. "look
by tempguy9999 7y ago
It'll be fine as long as people in bulk are reasonably happy, which equates to the economy doing well which allows china's economy to look and feel good. "look and feel" because there seem to be many proper economists (I'm not) that see china's economy as a facade hiding junk.
When we get the big bubble pop which seems to be hastening in, their people may start to feel a lot less comfortable. We'll see then what happens but I don't think it will be remotely nice as their government will start to blame anyone but themselves (well naturally!) and political tensions will rise.
- adventured 7y agoReuters has been running an interesting series of stories on the topsy turvy economy inside of China, focused on Henan: https://www.reuters.com/article/us-china-economy-henan-property-insight/in-inland-chinese-province-property-bubble-haunts-dreams-of-prosperity-idUSKCN1SR02J https://www.reuters.com/article/us-china-economy-henan-prope... https://www.reuters.com/article/us-china-economy-henan-consumption-insig/in-chinas-heartland-once-flush-shoppers-turn-cautious-idUSKCN1SN02T https://www.reuters.com/article/us-china-economy-henan-consu... https://www.reuters.com/article/us-china-economy-henan-socialmobility-in/china-dreams-on-hold-heartland-city-feels-chill-of-economic-slowdown-idUSKCN1SY017 https://www.reuters.com/article/us-china-economy-henan-socia...
- tempguy9999 7y agoOh look, a post with details of china's dodgy economic situation and how it treats its people is downvoted. But who would do that? And why??????? So confusing....