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As always, engineers on hacker news have like 2-3 year delay of news out of China. The rest of the world has already moved onto other countries. 1.) "just mon
by autocanopener 3y ago
As always, engineers on hacker news have like 2-3 year delay of news out of China. The rest of the world has already moved onto other countries.
1.) "just money coming in"
Outflows of foreign direct investment in China have exceeded inflows for the first time as tensions with the U.S. over semiconductor technology and concerns about increased anti-spying activity heighten risks. FDI came to minus $11.8 billion
https://asia.nikkei.com/Economy/Foreign-investment-in-China-turns-negative-for-first-time https://asia.nikkei.com/Economy/Foreign-investment-in-China-...
Moody’s Cuts China Credit Outlook to Negative on Growing Debt Risks
https://www.wsj.com/finance/moodys-cuts-chinas-credit-outlook-to-negative-f84c6edf https://www.wsj.com/finance/moodys-cuts-chinas-credit-outloo...
2.) "the metro system has added over one hundred kilometers of track"
China’s Cities Are Buried in Debt, but They Keep Shoveling It On
China has long pursued growth by public spending, even after the payoff has faded. Cities stuck with the bill are still spending — and cutting essential services.
https://www.nytimes.com/2023/03/28/business/china-local-finances-debt.html https://www.nytimes.com/2023/03/28/business/china-local-fina...
China orders local governments to cut exposure to public-private projects as debt risks rise
https://www.reuters.com/markets/asia/china-orders-local-governments-cut-exposure-public-private-projects-debt-risks-2023-11-14/ https://www.reuters.com/markets/asia/china-orders-local-gove...
3.) "we are not growing"
Shenzhen reports decrease in population
The southern boomtown of Shenzhen reported a slight population decrease for 2022 — a first since the city's founding in 1979.
https://www.chinadaily.com.cn/a/202305/10/WS645b514ba310b6054fad2310.html https://www.chinadaily.com.cn/a/202305/10/WS645b514ba310b605...
- ClumsyPilot 3y ago> China’s Cities Are Buried in Debt, but They Keep Shoveling It On Finance is fictional, trains are real. In the anglospheric West, when a spreadsheet and real world disagrees, Beancounters will believe their spreadsheet.