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this post was submitted on 23 Dec 2024
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Haven’t you heard? China is collapsing the same collapse that the west has been wrongly predicting since the 90s…
Western economists keep doing the “Ah! Well. Nevertheless, ” thing about Chinas economy that Libs do regarding Trump’s legal Teflon.
“They can make cheap junk, but can’t compete with high tech manufacturing” - they are now better at high tech manufacturing.
“They’re building railway infrastructure they can’t afford” - they could afford it and now their railways are world leading.
“Their housing market is a bubble” - they just nationalised the companies and make houses for homes not for commodities
“They can compete on high tech manufacturing but not do their own designs” - their own designs are now eating western designers markets (electric cars anyone?)
“Western investment in china is drying up, which will slow their advances” - Chinese state investment makes up the slack
“Global demand is slowing” - the domestic market is growing
Etc… etc… etc…