Re:China’s web censors go into overdrive as President Xi Jin...
by HumanDrivenDev on Tuesday February 27, 2018 @04:03PM
(#16477858)
Chinas rise has been remarkable, and it's great so many people have been able to lift themselves out of poverty. But we really should temper our expectations, and our view of just how well China is doing, which is often sensationalized. The above is just what manages to make it past the censors as well.
I'm not worried about a superpower overtaking the US, I'm worried about a sharp economic collapse causing it to lash out. I'm worried about the global economic consequences if that were to happen.
Re:China’s web censors go into overdrive as President Xi Jin...
by Accacin on Tuesday February 27, 2018 @02:18PM
(#16476868)
I don't tend to agree with China, but there doing what a lot of economists have been saying they need to do for years.
Exactly, there's your problem. China is suffering from 300%+ debt, capital outflows (hidden, unreported), fake gdp growth (several provinces have claimed 20-30% fake revenue), demographics time bomb, middle income trap, shrinking population (800M estimated in 2100), corruption, pollution, belligerent behaviors against all its neighbors (Japan, Taiwan, South Korea, Vietnam, Australia, India, etc), smart people wanting leave, rich people wanting to leave, etc