Posted on 02/01/2024 12:03:56 PM PST by davikkm
In a disconcerting confluence of economic challenges, China finds itself at a crossroads with debt soaring to nearly 300%, and now, the ominous specter of a darkening employment landscape. As the debt-to-GDP ratio climbs, the pressure on employment intensifies, casting shadows over job opportunities and amplifying uncertainties in the job market.
Amid shrinking prospects and a gloomy job market, Chinese workers face the grim reality of pay cuts and layoffs. Reports reveal that pay cuts and unchanged salaries have become the new norm, painting a stark contrast to the past when job switches promised substantial salary increases, especially for senior-level management.
(Excerpt) Read more at citizenwatchreport.com ...
Time for a gory little war to juice the economy back up.
.
Consider:
"China's is officially reported as having a debt-to-GDP ratio of 83% by the IMF. Using the World Economics GDP database, China's GDP would be $33,694 billion - 25% larger than official estimates, China's debt ratio would be smaller at 66.5%"Given the penchant of the media -- remember the Covid pandemic hysteria? -- to press forward with shrieks, one should probably proceed slowly with any evaluation.China's Debt-to-GDP Ratio World Economics citing IMF, 66.5% in the last year
Debt to GDP Ratio by Country 2024 World Population Review, 77.1 % in 2022
National debt in relation to gross domestic product (GDP) in China from 2012 to 2022 with forecasts until 2028 Statista. 82.98%
China Government Debt to GDP circa 78%
Desperate times can produce poor decisions. Best option for China is to get the US into a war with Iran, where we tie up air and naval power, and expend much of our precision strike inventory that would be needed for a war with China. Then they take Taiwan.
Everything we buy is from China, how could things be bad there?
What has kept China together so far has been the belief that things were getting better, and that their children would have a better life.
Break that assumption, and you break the society.
They’ll be fine. They just need to reduce their population by 33%, before May 1. They’ve done it before.
They’ll be fine. They just need to reduce their population by 33%, before May 1. They’ve done it before.
A very real scenario. Taiwan’s semiconductor industry would be just the economic hedge China could use for balance of payments and military upgrades. Biden would never defend Taiwan.
China is already in the middle of a population collapse. They don’t need to manufacturers one.
As for an economic collapse, China isn’t like other countries. They will hold it together long after Western countries would have been long gone. The CCP has such tight control on media that 90% of the people would have no idea a collapse was happening and the other 10% would keep their mouth shut.
China might have its stuff sold with Chinese branding and without American brand markups.
Taiwan its own means to pay for US military hardware, unlike Ukraine.
Do China’s economic woes pose serious contagion threats to our economy and or the world outlook? I seem to recall the great crash of ‘29 began in Europe.....
Sadly, at this point, Bidet&Co probably won’t help Taiwan at all, so it wouldn’t even take a conflict with the muzzie(SPIT!) filth.
“Then they take Taiwan.”
Never happen. The Gurkhas in the Indian army exposed the ChiComm army as a paper tiger at Ladakh in 2020. The Gen Z apocalypse is even worse in China than America.
“Disheartened by a weak economy, young people are employing tactics they refer to as “lying flat” and “letting it rot,” terms used to signify a reduction in effort or even leaving the workforce entirely. This is frustrating Chinese leaders and upsetting an already fragile economy.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.