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Doncarlo
VisualEconomik EN
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Comments by "Doncarlo" (@doujinflip) on "The Broken Economy of China | @visualeconomiken" video.
The late Premier Li Keqiang himself said like half of China is still effectively impoverished. The "poverty" level Beijing keeps touting it defeated is the extreme and easily resolved dollar-a-day type, apparently a lot of which was done through direct handouts rather than actually durable development.
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The US speaks loud and breaks things, or rather it loudly proclaims things are broken. The dramatization is how issues gains attention and gets addressed.
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It is what the CPC wants us to believe about their China.
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Largest by value in production, wealth, and influence. China is a manufacturing superpower, but manufacturing is the least value-added, most price-sensitive, most easily substituted stage of the production chain compared to the R&D in the beginning and Sales & Services at the end. That's why XJP is so desperate to develop "new productive forces" as China gets stuck in the middle income trap, which is only getting deeper with global demand for direct-from-China collapsing.
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Average of 78 before or after China's failed Zero-COVID program?
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Even the "1.4 billion" figure is propaganda. Independent estimates put China's population at like 1.0 billion, average late middle-aged and shrinking... and that's the optimistic end.
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Putting a estimated date makes it inaccurate and reduces the trustworthiness of the report. What's important is the trends that indicate mortal challenges to a China that keeps trying to enforce a stale artificial "harmony" in an environment that's really more complex and chaotic. Remember the USSR was considered extremely strong even as its developments stalled in the 1970s, and Berliners widely thought the Wall would never come down into the year that it did.
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