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> The sea was not calm in 2010s, and certainly not in 2020s. China had double digit gdp growth in 2000s, high single digit in 2010s, and still decent single di
by Sammi 1y ago
> The sea was not calm in 2010s, and certainly not in 2020s.
China had double digit gdp growth in 2000s, high single digit in 2010s, and still decent single digit in 2020s - that is until a year or so ago. These are the calm seas that used to be but are no longer.
Geo politically China has and will always be squeezed, just by their geographic location. But economically they were flying ahead in the last few decades, and everything is so much easier while you have strong economic growth. Growth that they are struggling to realize suddenly... this will be a huge change and challenge for internal politics in China going forward.
Because when people are getting wealthier each year then they are happy. But as soon as that stops, then it's like when the music stops and people have to find the first available chair to sit on. Those that don't find one will be unhappy.