back in 2000, this was on the NYTimes best seller list since then, while China's debt has increased ~~~200%, its GDP has increased ~~ 700%. Shadow banking, aka underground banking, has continued to increase, from ~25% of the nation's total outstanding debt, to the current ~ 40% this economic evolution has prompted Bloomberg's Chief Economist, in 2020, to write this book on the Chinese economic evolution since then China’s growth has slumped, the real estate market has gone from boom to bust, a crackdown on entrepreneurs has hammered confidence, export controls from the US have blocked access to crucial technologies, and anyone betting on China’s continued outperformance has lost a lot of money.
China's economy had been mired in a deflation, then came Trump 2.0's ill-conceived tariff war. effectively, it will amount to an injection of a life line / economic stimulant for the PRC. as a means to counter / avert the ill-conceived tariff, China presents a viable economic option for the EU, Canada, So America and other former US trading partners
according to this book , the most telling evidence of China inducing more domestic demand rests on 1111, aka singles day in the PRC for 2025, on Nov 11, singles day in China, online sales generated revenue of ~ US$ 238 billion Prime Day 2025 sales set a new summer record, $24.1 billion [*] Black Friday 2025 online sales generated revenue of ~ $11.7 billion
