Their growth decreased quite a lot but they’re still not entirely a developed economy. The real estate bubble kind of exploded leaving quite a lot of people on the side.
They have a demographic problem due to their past policies, social issues with work, the fact that you can’t find a job after 30, and their wages being reduced by a pretty large percent (my sources are saying around 30-40%, can’t find an official number because they do not exist).
It’s the first time since a really long time that China came back to a single digit growth and this is not something you revert in a few months. It’s not the end of China or anything but they’re definitely not at their highest and won’t be for some time. Meaning that political long-term investments may not be the priority and that they may give up those whenever they want, not when the country that benefited those will not need them anymore.
Again, not saying western countries are doing much better. But some are doing relatively worse than what they should be doing than others.
The private luxury real estate market crashed, the only people hurt by this are foreign investors and people dumb enough to copy us strategies to build wealth instead of doing something of value with their lives. No one was made homeless.
Your second paragraph only affects the private sector, and thats generally true of all private economies right now; China just doesn’t allow their private economy to effect the needs of the people.
Your third is mostly nonsense as no long term strategies have changed in the last few years except far more talks on whether real estate should be privatized in any way or if the private side of that industry has outlived it’s usefulness; and of course an acceleration of space goals due to the potential for the EU and musk to take all useful leo orbits.
Why do you think chinas economy is doing poorly when it’s economy is growing while the US is still shrinking?
Their growth decreased quite a lot but they’re still not entirely a developed economy. The real estate bubble kind of exploded leaving quite a lot of people on the side.
They have a demographic problem due to their past policies, social issues with work, the fact that you can’t find a job after 30, and their wages being reduced by a pretty large percent (my sources are saying around 30-40%, can’t find an official number because they do not exist).
It’s the first time since a really long time that China came back to a single digit growth and this is not something you revert in a few months. It’s not the end of China or anything but they’re definitely not at their highest and won’t be for some time. Meaning that political long-term investments may not be the priority and that they may give up those whenever they want, not when the country that benefited those will not need them anymore.
Again, not saying western countries are doing much better. But some are doing relatively worse than what they should be doing than others.
Their real gdp growth is still above 5% per year and their industry already far surpasses anything the “developed” economies have.
Yeah you are just making shit up. This is complete nonsense.
The private luxury real estate market crashed, the only people hurt by this are foreign investors and people dumb enough to copy us strategies to build wealth instead of doing something of value with their lives. No one was made homeless.
Your second paragraph only affects the private sector, and thats generally true of all private economies right now; China just doesn’t allow their private economy to effect the needs of the people.
Your third is mostly nonsense as no long term strategies have changed in the last few years except far more talks on whether real estate should be privatized in any way or if the private side of that industry has outlived it’s usefulness; and of course an acceleration of space goals due to the potential for the EU and musk to take all useful leo orbits.