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Collapse hasn't been the suggestion in fact. That's a straw premise to distract from the negative claims (which are supported by persistently bad economic data)
by adventured 3y ago
Collapse hasn't been the suggestion in fact. That's a straw premise to distract from the negative claims (which are supported by persistently bad economic data).
The US didn't collapse due to the great depression either.
What is being suggested, is that China is facing a very bad economic stretch as a result of their extraordinarily poor command economy choices.
Beijing's fabled (supposed) long-term thinking has shown itself to be a complete fraud. The Emperor, Xi, is wearing no clothes, as is the case with all dictators. An economy the scale and complexity of China's can't be run effectively with an authoritarian command approach. We have been seeing the proof of that increasingly since the great recession hit, wherein China switched to forever stimulus & debt fakery to prop up their flagging economy. In the span of a decade China became the most indebted nation in world history, while their growth sank below that of the US (which is a very mature, slower growth economy). And now the imploding demographics are setting in hard and fast, while the affluent world shuns China (leaving them with key partners like Russia, Iran, North Korea).
It's quite obvious that while China kicked the can down the road for a long time, the cost of doing so just keeps increasing in the form of negatives on their economy.
- WhereIsTheTruth 3y agoeconomy is weakening globally, it affects everyone, including both the US and the EU, so your argument falls flat any positive comment about China gets downvoted to oblivion, further emphasizing the theory of an organized FUD against China
- emptysongglass 3y ago> any positive comment about China gets downvoted to oblivion, further emphasizing the theory of an organized FUD against China Just based on this very comment thread you're wrong, so how are we to trust any of your other rebuttals? Even well-sourced critiques of China are greytext so one may as well assume the opposite if they were taking your position.
- Dalewyn 3y ago>Beijing's fabled (supposed) long-term thinking has shown itself to be a complete fraud. ...<snip> Been hearing all that and more for at least the past 25 years or so, and still China's doing fine, blew Japan out of the #2 GDP spot, and far as I can tell is winning the Cold War of our present era. So, thanks for reaffirming what you tried to refute.
- mensetmanusman 3y agoAre they doing fine if there will be 500,000,000 fewer Chinese by 2100?
- qwytw 3y ago> blew Japan out of the #2 GDP spot, and far as I can tell is winning the Cold War of our present era. That's like the bare minimum when you have a 10x higher population. Also at the current pace (both population and GDP China will never even come close to US, the gap over the last 10 years is only getting wider: https://data.worldbank.org/indicator/NY.GDP.PCAP.CD?end=2022&locations=CN-US&start=2013 https://data.worldbank.org/indicator/NY.GDP.PCAP.CD?end=2022...