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Essay: Attention all hyper Sinophiles/Russophiles. The USA being better than China and Russia is an incredibly low bar for Americans to jump over! (view source)
Revision as of 23:11, September 28, 2024
, 23:11, September 28, 2024→China
*Slowing growth: China's economy is slowing down, with GDP growth falling behind the government's target. Measures of consumption, factory output, and investment have all slowed more than expected.
*Slowing growth: China's economy is slowing down, with GDP growth falling behind the government's target. Measures of consumption, factory output, and investment have all slowed more than expected.
*Unemployment: Unemployment is rising, with the urban youth unemployment rate reaching 17.1% in July 2024.
*Unemployment: Unemployment is rising, with the urban youth unemployment rate reaching 17.1% in July 2024. See: [[Youth unemployment in China]]
*Debt: China's debt hangover is a result of years of inefficient stimulus spending.
*Massive Debt: China's debt hangover is a result of years of inefficient stimulus spending. "Since 2021, the debt-to-GDP has climbed by almost 30 percentage points to 310% of GDP in the second quarter of 2024 — and is set to climb further to 312% by the end of this year, according to Morgan Stanley." ([https://www.cnbc.com/2024/09/16/chinas-local-government-debt-problems-are-a-hidden-drag-on-economic-growth.html#:~:text=Since%202021%2C%20the%20debt%2Dto,year%2C%20according%20to%20Morgan%20Stanley. China Economy: China’s local government debt problems are a hidden drag on economic growth], 2024).
*Consumer confidence: Consumer confidence is sagging, with consumers becoming more frugal.
*Consumer confidence: Consumer confidence is sagging, with consumers becoming more frugal.