this post was submitted on 05 Feb 2024
180 points (98.4% liked)

World News

39023 readers
2412 users here now

A community for discussing events around the World

Rules:

Similarly, if you see posts along these lines, do not engage. Report them, block them, and live a happier life than they do. We see too many slapfights that boil down to "Mom! He's bugging me!" and "I'm not touching you!" Going forward, slapfights will result in removed comments and temp bans to cool off.

We ask that the users report any comment or post that violate the rules, to use critical thinking when reading, posting or commenting. Users that post off-topic spam, advocate violence, have multiple comments or posts removed, weaponize reports or violate the code of conduct will be banned.

All posts and comments will be reviewed on a case-by-case basis. This means that some content that violates the rules may be allowed, while other content that does not violate the rules may be removed. The moderators retain the right to remove any content and ban users.


Lemmy World Partners

News !news@lemmy.world

Politics !politics@lemmy.world

World Politics !globalpolitics@lemmy.world


Recommendations

For Firefox users, there is media bias / propaganda / fact check plugin.

https://addons.mozilla.org/en-US/firefox/addon/media-bias-fact-check/

founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
[–] pan_troglodytes@programming.dev 25 points 9 months ago (40 children)

more evergrande fallout or something else?

[–] empireOfLove2@lemmy.dbzer0.com 24 points 9 months ago* (last edited 9 months ago) (9 children)

Evergrande was not a triggering event, it was an inevitable consequence. The CCP's fiscal policy has driven "growth at all costs" for over 40 years now and they are running out of free runway. Their "private" sector (a bit of a misnomer considering how government-driven basically every company is over there) acquiesced to these government demands for growth, especially in real estate, long after traditional market fundamentals were saying to slow down, and now those "private" companies are saddled with investments without any way to make money off them post-pandemic. And their markets have realized that before the party did.

The party is only just now waking up to the fact that they can't keep hitting GDP growth targets by pumping stimulus into their businesses and that their economy needs to begin maturing into a more stable form. We will not see a real "collapse" like some doomsday fans love to parrot, but there is a very large correction about to happen to their economic projections, in both GDP and demographics.

[–] Hypx@kbin.social 11 points 9 months ago (1 children)

It could mirror the economic stagnation of Japan that begun in the 1990s. Very similar set of circumstances.

[–] DdCno1@kbin.social 0 points 9 months ago

This stagnation had a devastating effect on Japan's standing in the world. If it ends up doing the same damage to China, then there is no chance for the country to become a superpower.

load more comments (7 replies)
load more comments (37 replies)