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DasBubba
Good Times Bad Times
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Comments by "DasBubba" (@dasbubba841) on "Is Xi's China the new Soviets?" video.
China is not innovating more than the US. Maybe the country is experiencing great progress in areas that the party extensively supports, but elsewhere is neglected. The USSR suffered the same issue. It was able to keep parity with the US in areas like military technology and rocketry, but was behind in areas neglected like computers and consumer products. That's just what happens when the economy is controlled by the state. China's property sector collapsed. Youth unemployment is around 40%. Birthrate is continuing to fall. The US is seeing a dramatic increase in Chinese immigrants, legal and illegal. Local governments are extremely deep in debt. China has some serious issues, and denying them now, when even the party is admitting there's a serious problem, is delusional.
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@wunwong9251 Cool and all, but how does that help the average Chinese citizen, who is much poorer than their US counterparts? The USSR was more advanced than the US in some fields, but was still a far poorer country.
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@wunwong9251 I guess that's why consumer spending is so trash in China. FYI, housing prices in the big Chinese cities were going for NYC-tier rates, while the average resident was making sub-Mississippi wages. But, you know, birth rates are falling just because. Also massive youth unemployment, which you seem to ignore (just like the CCP). The US has been seeing dramatically increased Chinese immigration, especially since 2021. I wonder why... Also, China's GDP is obviously inflated. Even Hu Jintao admitted as much. That's what you get for building an economy on a property bubble. Say, I hope you didn't invest in real estate...
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@wunwong9251 lol wumao. Property prices are dropping even lower.
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