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marianatom | 2 years ago

Actually US and China is disengaging, and we can already see what would happen if trade were to stop tomorrow, by what's happening now.

China June 2023: Massive reverse migration by laborers back to countryside, Shanghai population down 135k compared to 2021 https://www.scmp.com/economy/china-economy/article/3215126/s.... Physical retail closures up to 80%. Entirely empty malls in Beijing, Shanghai, and Shenzhen. Real estate prices dropping 30-50% in tier 1 cities. Shanghai, Shenzhen and Beijing having 50k+ used homes for sale in span of 2 months. Shipping containers pile up 7 stories in every port https://www.scmp.com/economy/china-economy/article/3210870/c....

US June 2023: not much.

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pphysch|2 years ago

You can tell any story you want by cherry-picking headlines and ignoring the broader context. Pundits like Gordon Chang have been predicting post-Mao China's imminent collapse since 1989.

They've always been spectacularly wrong because they don't understand China and don't want to.

marianatom|2 years ago

You can brush any counterpoints away you want by mentioning pundits who are too early in their prediction.

Sure, let's talk about broader context and macro trends. unless something big changes, these macro trends won't go away:

- alignment of dictatorship vs free countries. China, Russia, North Korea, Iran vs US, Europe, Japan, Taiwan, South Korea, India, Australia, Philippines, Canada.

- dictatorship is losing. China is propping up all the dictators around the world, and its losing that power

- China demographics collapse

- China's rising and insolvent local government debts, which can no longer generate income by selling land. because China has too many buildings - 6 billion by last count. and demographics collapse. and lack of jobs

- Tech sanctions on China. China's inability to catch up on tech.

which indicates China's stagnation and decline for the next 10-20 years.