3 ms·
>The term Zombie Economy has been used for a lot of years, when will it actually manifest? Around 30% of the economy is linked to real estate, seems pretty zom
by kwere 3y ago
>The term Zombie Economy has been used for a lot of years, when will it actually manifest?
Around 30% of the economy is linked to real estate, seems pretty zombified. Export economy is being strangled by increased labour costs/shortages and carefully rolled sanctions. Consumption economy has difficulties to grow due to a lack of "hope in better times" from consumers. But the elephant in the room is the CCP, which is looking more concerned with "political stability" at the expense of everything else.
Things are bad since Xi Jimping first years with first wave of delocalization of
(textile) industries, politicization of society, political infightings that target the economy, etc...