China finally starting to admit their economy is fake

[Geek Nasty]

They've been busted faking economic numbers for a while now, Xi finally admitting to their economy being in trouble

https://www.cnn.com/2024/01/01/economy/xi-jinping-new-year-address-economy-intl-hnk/index.html

 

[MushroomX]

Seems like all those headwinds starting to look like Hurricane-force winds now for XI; low-birthrate, shytty homeownership prospects, and overall struggle post-COVID.

But hey, LETS INVADE TAIWAN!

 

[BigMoneyGrip]

 

[88m3]

better late than never I guess

wonder if the world will just keep spinning

 

[bnew]

The Strange Problem in China’s Economy


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Channel Info Maxinomics Subscribers: 64.5K

Description

Spoiler

China’s citizens save 40% of their income, where in the US it’s less than 10%. This is the main source of tension between China and the rest of the world. Creating huge distortions between how much China’s people buy from the rest of the world compared to how much they sell to the rest of the world.

Chapters:
00:00 Intro
00:47 China demands growth
01:21 The building boom, too much?
03:10 Leland Miller and China Beige Book
04:00 What China needs to do to grow
05:26 A history of struggle in China
06:32 The 4-2-1 dilemma and the one-child policy
08:16 Chinese people have nothing to invest in
11:42 Summary

Leland Miller & China Beige Book: x.com/ChinaBeigeBook

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Producer: Phil Andrews (the guy in the videos and the comments)
Video Editor: Sebastian Vega
Motion Graphics: Tom Grillo
Director of Production Services: Sam Wolf
Thumbnail: Tom Grillo
Franchise Content Producer: Tariq Abdellatif
Chief Content Officer: Devin Emery

 

[MushroomX]

That One-Child policy just continuing to build a growing bottleneck.

Yes, they are going to be the #1 Superpower going forward, but not with the same power of the US.