If it wasn’t collapsing, it wouldn’t be in the red.
Lol at the UK just making shit up.
Stocks in left over black ink from all those old inkjet printers found in landfill sites increase GDP by 4pts this year as it’s revealed that adding a bit of water brings then back to liquid.
…
Turmoil in Britain this week as Nestlé refuses to let the British use water for bathing, choosing instead to sell Britain’s waterways to the highest bidder—second-hand ink manufacturers. The price increase of Nestlé shares raise GDP another 3pts.
https://www.imf.org/external/datamapper/NGDP_RPCH@WEO/OEMDC/ADVEC/WEOWORLD
Even the IMF puts China at 4.2 in Q3 (Oct 2023).
That just continues to show this post is inflated and not really a good source of information.
I think when the highest quality most respected China collapse preachers say collapse, they mean entering a Japan style stagnation. I’m not sure, because that would require me to consume a lot of China collapse preacher content, but I think that’s how they can justify the narrative across different levels of seriousness.
Even that narrative is fundamentally flawed because Japan’s stagnation in the 80s was a direct result of US imposing Plaza Accords on Japan. There is no opportunity for US to do the same with China.
If China can manage to turn its industries and markets to an internal production/consumption model and reduce its reliance on being an export economy, it would be much better off even without the massive growth. Growth will have to stop at some point, and the focus will be on stability, since China hasn’t made any indications it’ll try to fuel growth through imperialism like western economies have. Japan style stagnation would be not so terrible if your society is socialist.
hopefully they would ramp up the social services to at least socdem levels in that scenerio
absolutely shame the west
Even with the current model of state directed capitalism, the amount of investment into social services and poverty reduction already shame the west. China isn’t yet in a position to press the communism button, but once the threat of America and it’s puppets decline there may well be a pivot.
If you hold that graph up to your ear, you can actually hear the liberals going “yes but actually…”
I did and they sent me this WSJ article
Shoot, I don’t have it offhand but you should send the Ben Norton video back, where he talked about how China is letting their property sector fail in order to shift their economy to being focused on green energy and tech.
As well, he mentions how morally corrupt it is to use property as an investment and how shifting where your investments are is actually a better idea.
yeah so many propagandists point to the slow down in economic growth from “socialist god” levels to “economic miracle” levels and are like china is falling apart they are due for a depression any day
