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The Economist recently did some interesting rethinking of the unstoppable power of the Chinese economy in their May "Peak China?" edition. Some links (sorry for
by ianai 3y ago
The Economist recently did some interesting rethinking of the unstoppable power of the Chinese economy in their May "Peak China?" edition. Some links (sorry for paywall, but I do find them worth it.) https://www.economist.com/weeklyedition/2023-05-13 https://www.economist.com/weeklyedition/2023-05-13
Is Chinese power about to peak? : https://www.economist.com/leaders/2023/05/11/is-chinese-power-about-to-peak https://www.economist.com/leaders/2023/05/11/is-chinese-powe...
How soon and at what height will China’s economy peak? : https://www.economist.com/briefing/2023/05/11/how-soon-and-at-what-height-will-chinas-economy-peak https://www.economist.com/briefing/2023/05/11/how-soon-and-a...
How China measures national power : https://www.economist.com/briefing/2023/05/11/how-china-measures-national-power https://www.economist.com/briefing/2023/05/11/how-china-meas...
The fall of empires preys on Xi Jinping’s mind : https://www.economist.com/briefing/2023/05/11/the-fall-of-empires-preys-on-xi-jinpings-mind https://www.economist.com/briefing/2023/05/11/the-fall-of-em...
In short, they do have a number of functional problems keeping them from further growth. Chief among them is a lack of local resources. They must rely on importing base materials in order to have value added goods to export. Plus some indications that just because their government wants to grow their people may not have such a strong desire. They have something like 34 million more males than females. Also growing signs of toxic financial conditions in their real estate markets including fraud and abuse ("How to escape China's property crisis" https://www.economist.com/finance-and-economics/2023/06/28/how-to-escape-chinas-property-crisis https://www.economist.com/finance-and-economics/2023/06/28/h... and "China’s economic recovery is spluttering. The prognosis is not good" https://www.economist.com/leaders/2023/06/22/chinas-economic-recovery-is-spluttering-the-prognosis-is-not-good https://www.economist.com/leaders/2023/06/22/chinas-economic... , etc)
- christkv 3y agoThe worry is that internal conflict will lead to external wars as a distraction of the populace.
- ianai 3y agoYes, which is why I brought up the disparity in the number of the genders in the population. It's that disparity which makes cultures unstable and violent.
- ddggdd 3y agousually Economist is a contrarian indicator, like in this article the writer mentioned them boom(doom?) at the exact opposite point.