Re:Will the China Cycle Come for Airbus and Boeing?
by red-iron-pine on Monday October 28, 2024 @10:08AM
(#41971151)
Deng was weary but willing to play ball. The generations after wanted to get rich as quick as possible, and lost some of that weariness. Xi now has to find ways dial that back without provoking a backlash or tanking the economy.
A lot of capital also fled, aggressively, to N America. There is a reason why housing in Vancouver is so insane...
They are also having issues with cheap capital. A lot got misallocated into building too many tower blocks and Xi's people don't seem quite as smart as dealing with it as Deng's were.