Jason Douglass exudes estrogen.
Posted on 02/13/2023 1:59:06 PM PST by KingofZion
China’s recovery after years of Covid-19 lockdowns will likely look a lot different from previous ones. And for many parts of the world, economists warn, it could be less potent than governments and businesses hope.
China has historically relied on government stimulus and heavy investment to power itself out of slumps. That mix helped yank the global economy out of the doldrums after the 2008 financial crisis.
This time, China is deeply in debt, its housing market is in distress, and much of the infrastructure the country needs is already built. As a result, its latest revival will be led by consumers, who are casting off almost three years of public-health restrictions and travel bans after the government abruptly dismantled its zero-tolerance policy toward Covid-19.
Data show that people are again venturing out and shopping in big cities, and there are signs that the worst of China’s Covid outbreak might be behind it. Like their American counterparts, Chinese consumers squirreled away cash during lockdowns. But consumer confidence remains low. While wealthier Chinese are opening their wallets, many others are choosing to save more than spend.
Early indications suggest the biggest effects of China’s rebound will be felt at home, rather than abroad.
*** That means that while an accelerating China is good news for fragile global growth, especially as the U.S. and Europe are set to slow, the direct effects of its revival will likely be less pronounced elsewhere than in the stimulus-led expansions of the past.
*** The U.S. economy is unlikely to feel much benefit at all, some analysts say, since it has limited exposure to China’s service industries. U.S. growth might even be squeezed if China’s reopening pushes up demand for energy and raises global energy prices, adding to inflationary pressures.
*** MORE
(Excerpt) Read more at wsj.com ...
Chicoms would rather the rest of the world collapsed.
They would starve half of their own population to remove us from their chess board.
Some people are expecting a financial, demographic, and political collapse of China within 10 years. As in: China isn’t a country any more, but may become a series of warring states (they’ve been there before).
The die is cast China is now the enemy just as sure as Russia was last year and us peons have no control over that.
On what basis does this expectation rest?
And the Chinese would shut off our Pharmaceuticals in a NY minute.
That we rely so much on China for so much of our Pharmaceuticals is criminal.
Jason Douglass exudes estrogen.
I read the entire article early this morning. It’s actually very good. The most important line, IMHO:
“This time, China is deeply in debt, its housing market is in distress, and much of the infrastructure the country needs is already built.”
This article is in response to the financial folks who have the opinion that a post-Zero Covid China will help the global economy. An opinion with which I disagree.
The crap economy is being orchestrated! And Joe Biden is the leader of the crap economy through his handlers! And it’s worse in the USA than anywhere else, comparatively.
China is also aging. Fast. Its doesn’t have spare and cheap labor from the villages to tap anymore. In fact, the size of its workforce is shrinking.
We buy from China. By comparison they buy little from us so the condition of their economy has little or no effect on our economy. More tariffs now and forever.....
It would be great if they did. What an opportunity!!! The economic impact of having to produce all of that on our own would be awesome. Short term pain, LONG TERM GAIN.
LOL!!!! China can never, will never run out of labor!!!!
I agree to a point. Some people would die without their heart medicine, insulin and antibiotics, for instance. It is criminal that this is even an issue.
The US is in for some hard knocks.
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