460,000 companies close down, 800 million people in debt, China’s 2023 economic has no way out
https://www.youtube.com/watch?v=WTAhC-ZLWMw
Perhaps all of this makes war with Taiwan more likely given that the CCP has a debt bubble, the entire nation has a real estate bubble, AND their economy is in turmoil. I think they did even MORE damage to their economy than we did to ours during Covid. Interesting video.
For what its worth - IF the Chinese invaded Taiwan and the “West” cuts off ties along with sanctions I don’t see how China would survive in its current form outside of a thoroughly despotic regime. Their economy is NOT in good shape now and without exports and investment from the West it will quickly collapse in my opinion.
Which path will Xi choose and will their “Politburo” (primarily consisting of oligarchs with major business”) allow him to take such a risk that will lead to their economic ruin?
Xi is a true believer. He’s also as dumb as Biden without the dementia.
The only solution to every problem for a commie is to steal from your people.
I lived over there for 20 years and watched its rise and now its fall. As you point out the demographics from, among other things, the one child policy are a nightmare. They are the oldest country on earth.
China’s future is very grim.