• MrMakabar@slrpnk.netEnglish
    0·
    10 hours ago

    China is following the playbook of Japan, South Korea, Taiwan and similar countries. The all used window guidance to quickly grow targeted industries, which actually worked very well. All of them are wealthy countries today. However that dependence on how good the window guidance is. They take on a lot of debt to invest and it only works as long as the investment is actually smart. If not the debt increases and that causes massive problems down the line. So it creates a bubble and when it pops it hurts badly. After decades of growth those bubbles probably are nasty.

  • IninewCrow@lemmy.caEnglish
    0·
    11 hours ago

    An evil authoritarian regime that is committing human rights abuses and does not follow democratic norms … but we’ll do billions of dollars worth of trade with them and base a lot of our industries around trading with them. But they’re still evil.

  • Commiunism@beehaw.org
    0·
    11 hours ago

    Love how the exact same thing is now being said about the US lmao (the collapse part at least), I LOVE the media machine

  • softcat@lemmy.caEnglish
    0·
    12 hours ago

    Open up for trade! Wait no you’re not supposed to benefit, only us!

    • kn33@lemmy.worldEnglish
      0·
      11 hours ago

      Agreed. I’m not saying that “collapse is imminent is accurate”, but don’t act like these are mutually exclusive when the idiom “a candle that burns twice as bright burns half as long” is accurate (to itself - literally the candle).

    • Cowbee [he/they]@lemmy.ml
      0·
      11 hours ago

      Pundits have been predicting the economic collapse of the PRC for decades, there’s an entire sub-industry dedicated to “China Watching” that makes good revenue from predicting xyz economic collapse, and it exists because the West wants the PRC to open up its markets for foreigners to plunder freely, rather than the current situation where trade in China is heavily controlled and managed.

    • sus@programming.dev
      0·
      12 hours ago

      What is mutually exclusive, though, is reality and China’s “imminent collapse” which has been looming just around the corner for the past 20 years

      • torrentialgrain@lemm.eeEnglish
        0·
        4 hours ago

        Idk people are saying the same things about the western markets as they have been for decades. Maybe a significant portion of people are just naturally drawn to crash prophets.