4 ms·
yes. the covid lockdowns were just a tip of the iceberg, which was of course also happened to be on fire, and everything around it is on fire too. the service-
by pas 4y ago
yes. the covid lockdowns were just a tip of the iceberg, which was of course also happened to be on fire, and everything around it is on fire too.
the service-goods shift during COVID and the shiftback after, coupled with the energy and food price shocks due to Russia-Ukraine war, definitely did not help the Chinese economy, that was already faking a higher GDP growth to paper over the cracks.
geopolitical tea leaves reading experts point to the aging population of China as a massive problem (again coupled with a lot of factors that make it a worse problem than it would be with a relatively open society, etc.), the limits to efficiency gains from centralization and big infrastructure projects (only so many miles of high-speed rail have positive ROI, only so many big dams make sense, etc), and - again - the cost of maintaining the authoritarian state.
- prox 4y agoInteresting times for them, thanks for clarifying!
- endisneigh 4y agoSources for your claims?
- krageon 4y agoThe OP speaks of tea leaf reader, which makes this a secondhand reading of tea leaves. Reading tea leaves is essentially writing fiction - is this not how the comment was meant to be read?
- pas 4y agonot primary sources, but I recommend starting with these Peter Zeihan https://m.youtube.com/watch?v=pKVQDUQR8I4 https://m.youtube.com/watch?v=pKVQDUQR8I4 https://www.noahpinion.blog/archive?sort=search&search=china https://www.noahpinion.blog/archive?sort=search&search=china https://www.stlouisfed.org/publications/regional-economist/second-quarter-2017/chinas-economic-data-an-accurate-reflection-or-just-smoke-and-mirrors https://www.stlouisfed.org/publications/regional-economist/s...
- hnfong 4y agoWow, a mid-2019 youtube video as evidence of COVID woes and collapse of the Chinese economy in 202X ? Blogs that literally have "opinion" in the title as sources for sensational claims? Try harder. Don't get me wrong, people like you are the reason I can buy Chinese stocks dirt cheap. I'm still waiting for the 50% property price cuts. Try harder please.
- worrycue 4y ago> only so many miles of high-speed rail have positive ROI I heard their rail service is in massive debt too. They overbuild it.