• Palacegalleryratio [he/him]@hexbear.net
      link
      fedilink
      English
      arrow-up
      1
      ·
      edit-2
      2 days ago

      Haven’t you heard? China is collapsing the same collapse that the west has been wrongly predicting since the 90s…

      Western economists keep doing the “Ah! Well. Nevertheless, ” thing about Chinas economy that Libs do regarding Trump’s legal Teflon.

      “They can make cheap junk, but can’t compete with high tech manufacturing” - they are now better at high tech manufacturing.

      “They’re building railway infrastructure they can’t afford” - they could afford it and now their railways are world leading.

      “Their housing market is a bubble” - they just nationalised the companies and make houses for homes not for commodities

      “They can compete on high tech manufacturing but not do their own designs” - their own designs are now eating western designers markets (electric cars anyone?)

      “Western investment in china is drying up, which will slow their advances” - Chinese state investment makes up the slack

      “Global demand is slowing” - the domestic market is growing

      Etc… etc… etc…