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Peter Jacobsen
South China Morning Post
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Comments by "Peter Jacobsen" (@pjacobsen1000) on "Can China learn lessons from Japan’s ‘lost 30 years’?" video.
Excellent overview. Ultimately, China's future economic growth needs to rely on China's own citizens, not on exports. When China was poor, exports were a great driver of growth, because the outside world could afford to buy an endless amount of Chinese goods, while Chinese people couldn't afford to buy anything. But now China is rich and the domestic market is significantly bigger than before. China needs to take advantage of that by allowing a bigger share of the economy to go into people's pockets. The outside world is no longer big enough to buy all China's goods.
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Add 5 milliSiverts to your moon cakes for that extra glow.
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And it's equally puzzling why the west sold their technological knowhow to China.
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