There are so many things wrong with the PRC. I understand that it was terrible in many respects before the PRC..... but it just seems to be getting worse and worse in the PRC. I find it to be too bad - the PRC don't trust their own people.
I have heard the same. I am not entirely sure how much they REALLY believe this and how much of it is speculation. There is an infrastructure in China, and there are some skilled workers - so even if there is a version of a collapse, I see at worst a Russia situation - where there is a decline, but there isn't a return to pre-PRC conditions. The one exception would be if everyone in China with money and expertise left China for Korea, USA and Western Europe.
The people don't even trust their own people... "Construction material and wood filler for their food and tofu dregs for their buildings". When a midsized city is the population of Chicago metro, it skews the value of an individual and ups competition for resources to something as simple as getting a good subway car position. One feels drowned to the point where if you ain't cheatin, you really aint tryin to get above the rat race. Many of the Chinese people are definitely trying to be good, but if corruption expected at the top from national to local, then it sets conditions on how to operate in the marketplace... don't drink the tapwater - boiling is for suckers and those who want to lie to themselves, buy imported baby formula and critical pharma needs, you get what you pay for in the street food, and the list goes on and on. They also have a "Little Pink" problem that shouts down the opposition and endlessly gaslight with zero sources of truth or any modicum of decency/shame that's similar to what we see in this topic. People aren't stupid, they'll still say what they think even if they have to be oblique about it.
China’s Dead-End Economy Is Bad News for Everyone ............. The Chinese economy is in a state of weak domestic consumer demand and slowing growth. The only way that China’s leaders can see to pull themselves out of this hole is to fall back on pumping out exports. But the era when China was able to take over whole industries without foreign pushback is over. Many countries are now taking steps to protect their markets from Chinese-made goods. Under U.S. pressure, Mexico’s government last month reportedly decided it would not award subsidies to Chinese electric vehicle makers seeking to manufacture in Mexico for export to the U.S. market; the European Union is considering action to prevent Chinese electric vehicles from swamping its market; and the Biden administration has moved to encourage semiconductor manufacturing in the United States and limit Chinese access to chip technologies, and has promised more actions to thwart China. But Mr. Xi’s policy options are dwindling. China’s leaders will face rising economic pressure to lower the value of the renminbi, which will make Chinese-made goods even cheaper in U.S. dollar terms, further boosting export volume and upsetting trading partners even more. But a devaluation will also make imports of foreign products and raw materials more expensive, squeezing Chinese consumers and businesses while encouraging wealthier people to get their money out of China. The government can’t turn to economic stimulus measures to revive growth — pouring more renminbi into the economy would risk crushing the currency’s value. in view of these developments, to say that China's decision to join forces with Russian / India to de-dollarize global trade amounts to economic suicide would be an understatement
China launches $47bn chip fund to counter U.S. restrictions; don't it's enough to build a chip foundry try hundreds of billions!!! can't make chicken salad outta chicken bleep!
