this post was submitted on 29 Jan 2024
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A Boring Dystopia
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What makes you think china won’t collapse along with them? Our economies are tied at the hip and they are sitting on a massive debt bomb with their real estate woes.
They already resolved the real estate issue, without any crisis. And you might not know cause this isn’t news in the US, but China has been massively offloading all its US debt and dollar reserves. They are preparing to decouple, the US has been threatening to do it for so long. But the fact is, the US and the West will suffer much more than China. They are pivoting to a service and tech economy, and will become the new US of a new “global south” pole.
The image that China is a “manufacturing” hub for the west is super outdated.
Nope. Most definitely not. Never heard of Evergrande have you?
Tankies gonna tankie.