Re:What being filthy rich in China looked like in 1, 1000, a...
by refurb on Wednesday October 25, 2023 @03:33AM
(#38010223)
> They're still kicking our ass like it's just Tuesday.
Have you not be keeping track of how the Chinese economy is doing? A hair over 5% growth the next 2 years. That's terrible for a developing economy - not quite half of what their target is.
Foreign investment is fleeing. The real estate market is undermining the economy. Fear of deflation.
Then layer on the demographics issues and China has a major problem. There is a very real possibility they get stuck in the middle income trap like so many countries before them.
In no possible way are they still "kicking our ass".
Have you not be keeping track of how the Chinese economy is doing? A hair over 5% growth the next 2 years. That's terrible for a developing economy - not quite half of what their target is.
Foreign investment is fleeing. The real estate market is undermining the economy. Fear of deflation.
Then layer on the demographics issues and China has a major problem. There is a very real possibility they get stuck in the middle income trap like so many countries before them.
In no possible way are they still "kicking our ass".