Given that it is based at least in part on ‘severe limitations on workers’ rights’, as Simon points out, it seems inherently unsustainable
This type of cheap labor-driven convenience is one of the reasons that make many middle class Chinese convinced that China is a better-run country than most other countries, including the US. The question is how long this could last.https://twitter.com/S_Rabinovitch/status/1168041151992979457 …
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Yes, it's inherently unsustainable. Meanwhile, it's been going on for decades...
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On a similar note I’m addicted to 美团’s 跑腿 service. Greatest thing ever!pic.twitter.com/qD1p15JEz3
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Yes. The conveniences in China are hard to beat.
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Ironically, it’s never been a ‘China Miracle’—economic success was always tied to artificially low wages workers have been forced to systemically take w/no real ability to protest inequities, seek legal redress or freely move to improve their lot
#中国模式https://twitter.com/tenzinchang/status/1168225881262739456?s=21 … -
China’s economic success via the ‘Chinese Model’
#中国模式 has never been a ‘miracle’—it’s come at the cost of low paid Chinese workers & via an unwillingness to compete fairly as agreed to under WTO (price fixing, subsidies, non-transparency & IP theft).https://twitter.com/wes_andrews/status/1135245362258620416?s=21 … - 1 more reply
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While China’s ‘middle class’ may not understand the Chinese economy’s idiosyncrasies—mostly due to lack of avail clean data & CCP propaganda—Peking Univ
#北大 econ prof Zhang Weiying # 张维迎 well-explained China’s risks w/out reform in his 23 Oct speech.https://twitter.com/wes_andrews/status/1074680916050669568?s=21 …Thanks. Twitter will use this to make your timeline better. UndoUndo
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In addition to that is the cheapest money available for startups. Most of logistics companies in China are losing money to grab for market shares.
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Even with the pollution! Go figure
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中国的物价已经涨得比较厉害了。 回望十多年前，几乎有恍若隔世之感……
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