-
-
“China’s main problem, however, is not irate Italians; it is that the disease has finished off the post-Cold War period, a time of peace, prosperity, and globalization”
1 reply 0 retweets 1 likeShow this thread -
Hmmm...interesting read imo.
1 reply 0 retweets 2 likesShow this thread -
Replying to @JrThatcher
One hopes but I think that itself was not super convincing
1 reply 0 retweets 2 likes -
Replying to @eigenrobot
I wasn’t entirely convinced by the article that China’s biggest problem is the end of the post-war II era tbqh. Globalization will almost certainly look different going forward, but it’s not exactly coming to an end per say. Just going to take on a different, more subtler form.
1 reply 0 retweets 2 likes -
Replying to @JrThatcher
Hm what do you think their biggest problem is? Would guess political instability myself Wonder what happens when Xi dies Seems risky for him to pick a successor maybe Might end up getting daggered (if strong successor) but a weak one would get threshed by other factions (?)
1 reply 0 retweets 1 like -
Replying to @eigenrobot
I personally think China’s biggest problem is pulling off the middle income pivot. 1/
1 reply 0 retweets 2 likes -
Replying to @JrThatcher @eigenrobot
Basically, when wages in a country rise to the point that potential growth in export-driven, low-skilled manufacturing is exhausted before it attains the innovative capability needed to boost productivity growth & compete with developed countries in higher value-chain industries.
1 reply 0 retweets 2 likes -
Replying to @JrThatcher @eigenrobot
China has to undertake serious structural market reforms to help drive the growth needed to “graduate” from the middle-income to the upper-income level.
1 reply 0 retweets 2 likes -
Replying to @JrThatcher @eigenrobot
Also the “One China policy” has left them with an aging labor force with not enough workers to replace the older ones in the future, so the clock is ticking for them to execute this pivot from a manufacturing, export-driven based economy to a consumption based economy basically.
1 reply 0 retweets 1 like
Yeah that seems correct. Hmm.
-
-
Replying to @eigenrobot
China’s economy has underlining, structural issues imo. These issues get overshadowed due to the trade war, but traditional Chinese fiscal and monetary policy won’t be able to “fix these problems” for them going forward.
1 reply 0 retweets 1 like -
Replying to @JrThatcher @eigenrobot
It’ll require the party to give up some control over the economy, but naturally they are deeply opposed to such ideas haha.
1 reply 0 retweets 1 like - Show replies
New conversation -
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.
