Posted on 08/08/2023 10:10:58 PM PDT by Cronos
Since China opened to foreign investment in 1978 under Deng Xiaoping, global firms have ploughed in hundreds of billions of dollars to buy and build factories for market access and cheap labour, bolstering the Chinese currency.
A gentle downtrend in foreign direct investment gave way to a steep drop last quarter and inflows to China slammed to their lowest since records began 25 years ago, raising the prospect that the long-term trend is turning.
(Excerpt) Read more at reuters.com ...
This will disappoint the BRICS-loving Freepers.
I would like to believe Reuters...but it is very difficult.
I think I’ll wait for more from a reliable source.
I don’t have a system.
China’s economic prospects are dimmed by demographic decline, the middle income trap, and a regime intent on consolidating political control and preparing for military conflict.
China is doing just fine.
Better than us. By far…
(So who in the world is putting out this … nonsense?)
“...economic prospects are dimmed by demographic decline, the middle income trap, and a regime intent on consolidating political control and preparing for military conflict. “
Is this about 2023 USA ?
Those floods seem to say otherwise.
No yen for the yuan? Perhaps they have not yet won. With inflation, they may have to peso much more.
The problems of the US are of another nature. Unlike China, for the US, a few good elections would do wonders.
Not making things here, especially computer chips, critical electronics components, medicines and more is a NATIONAL SECURITY ISSUE.
There’s also the “lying flat” phenomenon, where their young people have lost interest in striving for the glory of the Party.
https://www.thedailybeast.com/how-lying-flat-took-chinas-overworked-millennials-by-storm
My personal suspicion is that China’s system requires so much intense work by men in order to qualify for getting a wife, that men choose to say “screw it”, do the minimum, relax, and have a life.
Guess the ChiComms will have to get bigger whips for use on the Uyghurs.
In addition, single young men in China who are only children have the prospect of caring for aging parents without Social Security or Medicare.
Yes, the Chinese people are very hard workers. The problem is the system is corrupt, and the promises of the CCP are meaningless.
Work hard, then your assets are stolen or rendered meaningless by the CCP.
“China is doing just fine. Better than us. By far…”
So is Russia, for that matter. Just compare any US city to any city in those countries and it’s OBVIOUS.
We ain’t voting our way out of this mess.
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