China got old.
Posted on 10/15/2023 8:39:59 AM PDT by Dr. Marten
We've reached the end of an era for the Chinese economy.
For the past three decades, China has been on the upswing of a supercycle that saw an almost uninterrupted expansion of the country's capacity to manufacture, appetite to consume, and ability to project power across the world economy. The Chinese Communist Party relentlessly pursued economic development over all else, even when that single-mindedness pushed the party to make debilitating policy mistakes — creating a massive bubble in the property market, sidling provinces with loads of debt, and failing to transition away from an overreliance on investment. There was no time to stop for corrections while China's mind was on money alone.
(Excerpt) Read more at businessinsider.com ...
I’m so old I remember “The era of big government is over.”
When did China ever have global dominance?
I hate the use of the word “official” when there is no office or authority to confirm. The NFL can state when an NFL game is officially over, a judge can say when an appeal is officially heard, a corporate vice president can state when some one has been officially promoted within the company.
No one can say when “global economic dominance” is over.
When was China dominate anyway?? The EU and the USA along with China are three biggies. Of course, South America and Russia are also major economic players.
Prognosticators pontificate prematurely, and are repeatedly proven wrong.
Over? I see just as much Chinese products being bought now as last year or previous years. Until that stops, China is doing fine.
I don’t know, ... but some of my colleagues in EU have that opinion.
Meanwhile we heard more in our media about a small sub imploding in the Atlantic near the Titantic than about a CN nuclear sub losing 55 men last week. Where are the “no nukes” on the left from the 1980s? So maybe the answer to your question is in what propaganda is fed or not fed to the cell phone addicted societies.
It started when they bought the Clinton Presidency.
ROTFL. Linette Lopez.
Temu is just getting started!
Fromm 500 AD until probably 1650 China was either #1 or #2 Militarily and economicly in the world.
One quick scroll down to the “correction” where the Latinx word salader confused our military budgets to “millions” instead of “billions”, tells you all you need to know about the witlessness of this piece.
Business Inside Her = Ultra-Communist lies and propaganda
A casual examination of Chinese national debt as a % of GDP essentially crushes an identical examination of the US.
If you want to measure these things with that substance created from nothing by central banks — money — we lose.
GDP is a parameter with government spending as an explicit part of the equation. Want to see the strength of the US economy? Take out govt spending. There would be no US economy. In contrast, the Chinese build things. Things other than bytes that form pictures on a screen.
China got old.
That was another clue.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.