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Doncarlo
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Comments by "Doncarlo" (@doujinflip) on "China's Great Slowdown" video.
Restrictions and pay cuts aren't enough, they're still far too overleveraged.
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China is different in that its government has never had to deal with decline... and the implications towards its legitimacy. Most other places would swap out the leadership.
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Globally is alright, it's China that's struggling. I was just there.
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@wendyshoowaiching4161 That usually means overthrowing the government and fracturing the state. There's a reason China's history is divided by dynasties.
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Yet that's what the "scientific" and "meritocratic" CPC is fixated on. Not so considerate about what people actually care about.
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Their timelines were overly pessimistic but the long-term trend predictions still hold.
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Definitely feels like it now. The PRC proved to habitually overpromise and underdeliver, and the rest of the world is hungry and willing to take what China once achieved for their own but with much more transparency. There's a reason Beijing started going "wolf warrior", and it's not because of true confidence.
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5% if you believe their targets...and creatively accounted achievements. Even that is a painful slowdown from the expectations and financial plans of the median Chinese resident.
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It doesn't even have 1.4b people. Independent estimates are closer to 1.0b and already shrinking.
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The US is ironically more socialist and equitable than China in practice.
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