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"Growth momentum" isn't a thing, and more over China's growth is slowing. This would be wholly expected under normal circumstances because it's no longer a deve
by XorNot 1y ago
"Growth momentum" isn't a thing, and more over China's growth is slowing. This would be wholly expected under normal circumstances because it's no longer a developing economy, it's a developed economy - the absurd GDP growth rates it had are won off the fact that industrialization is an enormous, enormous change in productivity but you only get to do it once.
- frikskit 1y agoSo industrialization is a binary bit? You just “do” it and it’s over? Not a very convincing take imo. Industrialization, like deindustrialization, is a continuous process. Every industry suffers from depreciation and decay which means that pace of industrialization per unit time matters.