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39896880 | 1 year ago

Peak consumption for a population is 45-54, when income is highest and people are having their 1 kid. Once retirement hits income is generally fixed as people rely on pension or savings. They also depend more on state services like healthcare. In China, this also means depending on their 1 child.

It’s not really possible to say “China’s fundamentals are fine” because China’s fundamentals look like nothing the world has ever seen. It’s not clear they have the leadership to navigate it.

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cyberax|1 year ago

Sure, but China has huge unemployment _and_ under-consumption. This means that the economy is not well-aligned with the needs of the population.

The fix for that is long-known: liberalize the business environment and let the market settle.

The question about the leadership is right, though. I'm not sure they _want_ the market to win.