after Gordon Chang made his prediction, around 2000, all the economic data---in particular GDP growth, employment and spending went against his convenient prediction. since the Pandemic, all the economic data (GDP growth, employment and consumer spending, etc.) has declined signaling a deflationary landscape
There is a big difference between stagnate and implode, did Japan economy implode for the last thirty years? We are not talking about slow down here.
I think Japan is Lotta foreign companies are in China ( labor), if they were to leave, their economy wouldn't be as good.
Real Estate busts aren't violent like stock related busts. If the price of housing/RE grows at 0% per year, it would damage to the economy and growth numbers because it's so baked into expectations. China will have to perform a balancing act of deleveraging poor RE loans almost like what the US had to do with their financial sector during the GFC...which we nailed so so perfectly. I think China's method of growing the economy by copying the Japanese model is biting them in the ass. Japan is nice, but is still living in the shadows of the 90s. For the past few decades, I've read financial news op/ed columns calling for China to unpeg from the dollar and let the Yuan appreciate naturally to grow their consumer base. Instead they pursued a policy of holding large account reserves to turbocharge their manufacturing and export regions at the expense of wage and cost of living growth. Their currency controls also made it so that real estate became the major tool for Chinese citizens to dump their savings or speculate. I haven't read enough to comment on how they view the stock market, but it's definitely different than western stock markets. Foreign investment is leaving China in droves. The cars they're trying to ship out of China isn't added capacity, rather excess supply their people cant or haven't bought. Eventually it'll catch up to the global economy because you really can't cut out China without consequence, no matter how much American politicians want to pretend.
u know this because of what....? u forget that it could be negative think about it, what happen in the event of negative growth!! again this is above your head because US currency has been the defacto global reserve since WW2, will continue to be for at least 2 or more generations, it has enough liquidity to implement a full-blown QE to revive a dying economy China doesn't have the advantage of having a global reserve, it doesn't have enough liquidity to implement a full blown QE
China is not japan China is currently in a middle-income development stage, heavily reliant on manufacturing exports, while Japan is a mature, high-income economy with a more diversified economic structure. Japan has a higher level of consumer spending per capita compared to China, which is still transitioning towards a more consumer-driven economy. The Chinese government plays a more active role in directing economic policy and managing state-owned enterprises, while Japan has a more market-oriented approach.
You could try reading a book rather than spewing garbage and poisoning a thread with your spectrum-like theatrics.
In the midst of the ecomic downturn, China get a life line from Apple. Apple CEO Tim Cook meets China's IT minister, The Second Time This Year, Reaffirming that Apple would continue to deepen its presence in China, increase investment in innovation, grow with Chinese companies and share the dividends of high-quality development
On the brightside, China stocks popped last week. https://www.wsj.com/world/china/chi...-as-signs-of-economic-malaise-spread-a2b10065
if you understand what you've posted---or have been following the topic---you'd have identifed the reasons causing the pop like your previous cut n past job about the Fed's balance sheet being wrecked, you don't understand why
