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Not sure if you call this "delivering" 1.) The heavy market losses in 2024 come hot on the heels of a bruising run last year, when the CSI 300 index, comprisin

Not sure if you call this "delivering" 1.) The heavy market losses in 2024 come hot on the heels of a bruising run last year, when the CSI 300 index, comprising 300 major stocks listed in Shanghai and Shenzhen, fell more than 11%. By contrast, the United States’ benchmark S&P 500 index climbed 24% in 2023, while Europe’s grew almost 13%. Japan’s Nikkei 225 soared 28% last year and is still going strong, notching gains of nearly 10% so far this month. https://www.cnn.com/2024/01/22/business/china-stock-market-falls-2016-crash/index.html https://www.cnn.com/2024/01/22/business/china-stock-market-f... 2.) China suffers from deflation, while the rest of the world combats inflation. Not only does deflation signal a stagnating economy, it can lead to high unemployment, unaffordable debt repayment, and dismal outcomes for businesses. In the worst cases, deflation can lead an economy into a recession, or even a depression. https://www.wsj.com/world/china/deflation-worries-deepen-in-china-e193c735 https://www.wsj.com/world/china/deflation-worries-deepen-in-... 3.) Crushing debt. Going back further, China accounts for over half of the entire world’s total debt-to-GDP increases since 2008. https://www.geopoliticalmonitor.com/backgrounder-china-economy-year-in-review/ https://www.geopoliticalmonitor.com/backgrounder-china-econo... https://www.bloomberg.com/news/newsletters/2024-01-06/bloomberg-new-economy-china-s-debt-mountain-is-even-bigger-than-feared https://www.bloomberg.com/news/newsletters/2024-01-06/bloomb... 4.) China’s youth unemployment rate hit consecutive record highs in recent months. From April to June, the jobless rate for 16- to 24-year-olds reached 20.4%, 20.8% and 21.3% respectively. https://www.cnn.com/2023/08/14/economy/china-economy-july-slowdown-intl-hnk/index.html https://www.cnn.com/2023/08/14/economy/china-economy-july-sl.... For reference, G7 countries is at 10%, US is at 8% https://data.oecd.org/unemp/youth-unemployment-rate.htm https://data.oecd.org/unemp/youth-unemployment-rate.htm

corethree 3y ago
These are just problems. Just like how the US has some really big glaring problems: 1. Incapable of building infrastructure, can't build the CA hsr while China built an entire network across the country. 2. Can't raise the population out of poverty. You see homeless people and drug addicts everywhere. 3. Unemployment going up, Inflation is going up. 4. Wealth ienquality is rising. The Housing is becoming more and more unaffordable for most Americans. I mean this is "delivering" too. As if 4 random economic problems a country is facing is indicative of total collapse.
- emptysongglass 3y ago
  Problems are not a like-for-like exchange. It's a completely meaningless statement you're making. Having cancer and having a cold are both illnesses. The severity of the two are not alike. The US' unemployment fell to 3.7 percent end of December. [1] Inflation fell to 3.4 percent. Please do your research before commenting. [1] https://www.reuters.com/markets/us/us-job-growth-accelerates-november-unemployment-rate-drops-37-2023-12-08/ https://www.reuters.com/markets/us/us-job-growth-accelerates...
  - corethree 3y ago
    Please don't lie and mis characterize the situation before commenting. Thank you. Inflation going down and unemployment going down doesn't characterize the overall situation for the last year. What your saying a month of the opposite trend indicates the US economy has no more problems? That china can't possibly ever have a month of upward ticks? My statement is meaningless. That's the point of my statement. It's an example to show how meaningless the statement about China is. I'm sick and tired of people who get emotional and are patriotic. Why can't people be level headed and just talk about facts rather then "defend" their stance or their own country.
    - emptysongglass 3y ago
      > I'm sick and tired of people who get emotional and are patriotic. Why can't people be level headed and just talk about facts rather then "defend" their stance or their own country. I specifically called out false claims you made out as fact. Your claims were not factual and I did not misconstrue them. The US is at one of the lowest unemployment rates over its entire history. It is at the lowest level over the last 54 years. [1] That's fact. Your claim was false. Inflation in America is not under any long- or short-term trend of increasing. That is a false claim you have made and continue to shelter behind. Inflation increased because of a global calamity the entire world suffered under. That was an acute crisis, not a trend. China has an unemployment rate among its youth well over 20 percent. That is not a blip. That is institutional failure caused by decades of mismanaging a population under an authoritarian government. [1] https://www.commerce.gov/news/blog/2023/02/news-unemployment-its-lowest-level-54-years https://www.commerce.gov/news/blog/2023/02/news-unemployment...

corethree 3y ago

These are just problems. Just like how the US has some really big glaring problems: 1. Incapable of building infrastructure, can't build the CA hsr while China built an entire network across the country. 2. Can't raise the population out of poverty. You see homeless people and drug addicts everywhere. 3. Unemployment going up, Inflation is going up. 4. Wealth ienquality is rising. The Housing is becoming more and more unaffordable for most Americans. I mean this is "delivering" too. As if 4 random economic problems a country is facing is indicative of total collapse.

emptysongglass 3y ago
Problems are not a like-for-like exchange. It's a completely meaningless statement you're making. Having cancer and having a cold are both illnesses. The severity of the two are not alike. The US' unemployment fell to 3.7 percent end of December. [1] Inflation fell to 3.4 percent. Please do your research before commenting. [1] https://www.reuters.com/markets/us/us-job-growth-accelerates-november-unemployment-rate-drops-37-2023-12-08/ https://www.reuters.com/markets/us/us-job-growth-accelerates...
- corethree 3y ago
  Please don't lie and mis characterize the situation before commenting. Thank you. Inflation going down and unemployment going down doesn't characterize the overall situation for the last year. What your saying a month of the opposite trend indicates the US economy has no more problems? That china can't possibly ever have a month of upward ticks? My statement is meaningless. That's the point of my statement. It's an example to show how meaningless the statement about China is. I'm sick and tired of people who get emotional and are patriotic. Why can't people be level headed and just talk about facts rather then "defend" their stance or their own country.
  - emptysongglass 3y ago
    > I'm sick and tired of people who get emotional and are patriotic. Why can't people be level headed and just talk about facts rather then "defend" their stance or their own country. I specifically called out false claims you made out as fact. Your claims were not factual and I did not misconstrue them. The US is at one of the lowest unemployment rates over its entire history. It is at the lowest level over the last 54 years. [1] That's fact. Your claim was false. Inflation in America is not under any long- or short-term trend of increasing. That is a false claim you have made and continue to shelter behind. Inflation increased because of a global calamity the entire world suffered under. That was an acute crisis, not a trend. China has an unemployment rate among its youth well over 20 percent. That is not a blip. That is institutional failure caused by decades of mismanaging a population under an authoritarian government. [1] https://www.commerce.gov/news/blog/2023/02/news-unemployment-its-lowest-level-54-years https://www.commerce.gov/news/blog/2023/02/news-unemployment...