2 ms·
These articles are always nonsense: - The Chinese population is over 3x more than the US. - Per-capita, the US makes far more income - Real estate speculatio
by redis_mlc 6y ago
These articles are always nonsense:
- The Chinese population is over 3x more than the US.
- Per-capita, the US makes far more income
- Real estate speculation is behind a lot of Chinese growth, where some of it real and a lot is bogus. China has had several bank failures reently because of this.
- The CCP tarnished China's mfg. reputation, and exports are down by 80 % in some cities in 2020. A lot of those factories are relocating home or to Vietnam/India/etc.
- half of their population makes $2/day, if they make anything (farmers are being short-changed, which is bizarre when considering China imports 30% of food even in good times, and that's between 50%-60% in the next year.) The CCP's average wealth targets have fallen apart, and those peasants subject to flood and locusts are ruined.
- IXxXI 6y agoThis ^ !!!