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I've seen a few hundred too many "the Chinese economy is about to collapse" stories to believe any of them.
by bigbillheck 3y ago
I've seen a few hundred too many "the Chinese economy is about to collapse" stories to believe any of them.
- qwytw 3y agoMaybe not collapse but a slowdown and significant decline in some sectors seems like a real risk. Which would be a big issue because China is still quite poor per capita and at this pace it's unlikely to ever catch up with the US: https://data.worldbank.org/indicator/NY.GDP.PCAP.PP.CD?end=2022&locations=CN-US&start=2013 https://data.worldbank.org/indicator/NY.GDP.PCAP.PP.CD?end=2...
- bigbillheck 3y agoGDP is a terrible metric, the usual example is France's being lower than every single state including Mississippi.
- qwytw 3y agoI'm mainly talking about the growth rates rather than the actual values so this is hardly relevant.