Their demographics are rotten for this. Too many old people (not big consumers) very few young people (they would be consumers, but there aren't enough of them). I don't see a way out for China.
P
This used to be filed under ‘not my problem’ until Biden opened the border.
Bkmk
‘Official data’ from China shows whatever the CCP wants it to show.
If you really want to know how bad it is in China, here is a site that reports it.
China Observer
https://www.youtube.com/@ChinaObserver0/videos
Some recent titles:
China’s Tofu-Dreg Bridge Collapses With One Empty Boat Hit, Revealing Shocking Shortcuts and Graft
https://www.youtube.com/watch?v=1gR4GzfOD3Q
China Drains Hong Kong’s Wealth, Business at Only 10-20% of Past Years,a Plight Not Seen in 40 Years
https://www.youtube.com/watch?v=6XnAdOwxEbI
Engines Shake, Sound Like Tractors, Wheels Fall off Mid-Drive—How Poor Is BYD’s Quality?
https://www.youtube.com/watch?v=ZWzbq-Q_oTc
Company Gone on the 1st Day Back From New Year Holiday: New Round of Job Cuts and Pay Cuts Kicks Off
https://www.youtube.com/watch?v=2XKowHHgr1M
Shenzhen’s Become a Ghost Town: No Cars, No People, With the Unemployed Sleeping Rough
https://www.youtube.com/watch?v=6gfIupNb3Ik