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| China-Japan-Koreas |
| Gordon Chang: China's Headed for Meltdown |
| 2022-09-06 |
| In 2001, Chang predicted the collapse of China by 2011. He predicted it again many times since. Some day he'll be right. [19Fortyfive] Companies no longer want money to launch new projects. Pessimism about the economy dominates thinking in Chinese boardrooms and throughout the rest of society. The big story is not that the Chinese economy is falling apart. It is, at least apart from the export sector. The big story is that China's stimulus efforts, so successful in the past in jump starting growth, are no longer working. The country's economy is, in a word, exhausted. In the past, when the economy look fatigued, China's business community could count on the central government to create growth with massive stimulus programs. That is, after all, how former Premier Wen Jiabao avoided contraction in China as the rest of the world suffered during the 2008 downturn. |
| Posted by:Lord Garth |
| #6 China won't collapse as long as the US pumps $500 billion/year into the Chinese economy. |
| Posted by: Snash Shairt9621 2022-09-06 22:18 |
| #5 Wherever the Chinese economy is headed, we will be following closely behind. I recall the caboose usually followed the engine. IMHO, unlikely to seriously affect the US. Japan came close to catching up to the US economy, and almost did, to a greater extent than China today. Japan's decades of stagnation did little to the US economy. https://www.latimes.com/archives/la-xpm-1995-05-08-fi-63836-story.html |
| Posted by: Zhang Fei 2022-09-06 19:26 |
| #4 We were close to de-coupling our economies before Covid. Sad. |
| Posted by: ruprecht 2022-09-06 12:58 |
| #3 China's economy is in serious trouble and most likely will have a major depression with the downturn of the housing market there and with companies leaving due to zero COVID policies. Completely collapse? Not likely. Pain and suffering with civil unrest? Definitely. |
| Posted by: DarthVader 2022-09-06 09:53 |
| #2 Wherever the Chinese economy is headed, we will be following closely behind. I recall the caboose usually followed the engine. |
| Posted by: Besoeker 2022-09-06 06:56 |
| #1 Underestimating ones's enemy is a piss poor, dangerous strategy. China remains a powerful, dangerous enemy and must be treated as such. |
| Posted by: Abu Uluque 2022-09-06 01:35 |