2 ms·
Sure, but China has huge unemployment _and_ under-consumption. This means that the economy is not well-aligned with the needs of the population. The fix for th
by cyberax 2y ago
Sure, but China has huge unemployment _and_ under-consumption. This means that the economy is not well-aligned with the needs of the population.
The fix for that is long-known: liberalize the business environment and let the market settle.
The question about the leadership is right, though. I'm not sure they _want_ the market to win.
- 39896880 2y agoThe time to start a business is in your 20s, before you have a kid. Unfortunately, China runs short of these. The largest demographic bucket is 50-54 years old. The second largest is 65-69. The 20’s are 7th and 8th… https://www.statista.com/statistics/1101677/population-distribution-by-detailed-age-group-in-china/ https://www.statista.com/statistics/1101677/population-distr...