Re:BYD EV Teardown in Japan Reveals the Secret to Its Afford...
by audunw on Friday October 25, 2024 @05:07PM
(#41949791)
Who predicted Chinas imminent collapse back then? It was certainly not a mainstream prediction.
More serious predictions have been made in recent years. And lo and behold we got Evergrande. The news since that has not been great. Some successes, and progress, yes. But also more and more deep fundamental issues brewing under the surface.
Nobody of note has claimed China will collapse over night. This is a process that spans over years if not decades.
The predictions of collapse have had demographics as its primary factor. People don’t go from 40 to 70 overnight. Yet the demographic factors are completely undeniable and its consequences bearing out year by year relentlessly.
And that is on top of a debt to GDP ratio which is utterly insane if you include shadow banking.
More serious predictions have been made in recent years. And lo and behold we got Evergrande. The news since that has not been great. Some successes, and progress, yes. But also more and more deep fundamental issues brewing under the surface.
Nobody of note has claimed China will collapse over night. This is a process that spans over years if not decades.
The predictions of collapse have had demographics as its primary factor. People don’t go from 40 to 70 overnight. Yet the demographic factors are completely undeniable and its consequences bearing out year by year relentlessly.
And that is on top of a debt to GDP ratio which is utterly insane if you include shadow banking.
“CPC”, eh? Hmmm..