The many weaknesses of the Chinese economy: The CCP controlled country is hardly a superpower on the economic front.

American Thinker ^ | 04/24/2023 | Uldis Sprogis

[SeekAndFind]

A major weakness for the economy of China is centralized planning by its communist party, such as the one-child policy and “four modernizations” in 1978 which led to short term prosperity and an industrialized China, but also led to environmental degradation, income inequality, and corruption.

There are other central planning failures such as its high-speed rail system which by the end of September 2021 was losing over $830 billion. Real estate was another area of failure, with dozens of ghost cities built for thousands of people with no occupants. The real estate bubble which burst bankrupting giants such as Evergrande and other real estate companies is another failure of central planning since the only form of ownership of private property by law permitted for citizens is real estate such as apartments leased for 70 years and subject to renewal.

The major problem for the Chinese economy is the authoritarian ruling style of the CCP or the Chinese Communist Party. Since dissent is not tolerated, this has created a culture of fear and self-censorship, which has made it difficult for entrepreneurs and investors to operate freely. The CCP has a history of intervening in the market to protect state-owned enterprises, which has led to inefficiencies and a lack of innovation.

The CCP’s control over the economy has created a lack of transparency, which has made it difficult for foreign investors to trust the Chinese market. The party’s opaque policies and practices have led to concerns about corruption and lack of accountability, which has further weakened investor confidence. This has made it difficult for China to attract foreign investment and in fact many companies are starting to leave China, especially the Japanese. Crucial for the country’s economic growth is foreign investment which is decreasing

[Tell It Right]

I read it this morning and agree wholeheartedly. My one disagreement is from the statement: "This high level of debt has raised concerns that China may be unable to repay its debts in the event of an economic downturn which we are currently experiencing."

Ask holders of unpaid Chinese railroad bonds (totaling $1.5 trillion to American owners of Chinese bonds) that Cheyna hasn't paid on in many decades. If they can casually excuse why they shouldn't pay on those old bonds they'll figure out a convenient excuse to not pay on new bonds. Cheyna has a Tell It Right bond rating of Crap.

[Da Coyote]

Doesn’t matter when China has the Biden admin by the short hairs.

[PGR88]

Cross out “China” and replace it with “USA” and most of it would also be true.

Especially about the central planning, and control of media.

[PIF]

Cross out “China” and replace it with “USA” and most of it would also be true.

—
That would jibe with you homeland in Russia even more-so, eh Pootie lover?

[9YearLurker]

They don’t have to be fast enough to run away from a bear market—just fast enough to outrun our market.

[Parley Baer]

...and the numbers would be worse under a Trump Administration.

[PGR88]

That would jibe with you homeland in Russia even more-so, eh Pootie lover?

Time to grow up, child. You're not on Instagram here.

[Dr. Sivana]

That would jibe with you homeland in Russia even more-so, eh Pootie lover?

This thread, and PGR88’s contribution, have NOTHING to do with Russia/Ukraine/Putin. No good is served by picking fights.

[griswold3]

300M Chinese getting by on approx $140/Mo.
Welcome to your future.

[unlearner]

I see what you did there. Well done.

[PIF]

Just exposing him as a Russian troll and anti American personality and possible FSB agent.

[Dr. Sivana]

A bare assertion on an unrelated thread does not expose anything. If John Lennon sang a pleasant sonv with vapid lyrics, we can say that’s a nice song or a stupid song without saying “and Lennon’s a commie”.