I'm still waiting for the "China set to collapse" outcome. For the better part of 20 years the so called smartest people out there have claimed a collapse is just around the corner. It hasn't yet played out, and I wouldn't hold your breath today either.
All of the current weakness in China is the result of policy steering the country away from Keynesian spending. No question, following such a path has an impact in the short term. It should, however, put China on a much stronger fiscal foundation over time.
https://www.cnbc.com/2024/05/13/house-buyers-in-chinas-tianjin-have-been-waiting-8-years-for-their-homes.html
prc30 / Peter Alexander
npub1yy…4kawc
2024-05-13 00:47:44
Author Public Key
npub1yy3uc7y85faxy5cwq8f574yda3j9457p7r9h2ymlkwlx6lp8f4vsy4kawcPublished at
2024-05-13 00:47:44Event JSON
{
"id": "8711f2e0f4b953c950f73957e96e655d8c6a70ae6e85b242f94617e9d24fd654",
"pubkey": "2123cc7887a27a62530e01d34f548dec645ad3c1f0cb75137fb3be6d7c274d59",
"created_at": 1715561264,
"kind": 1,
"tags": [],
"content": "I'm still waiting for the \"China set to collapse\" outcome. For the better part of 20 years the so called smartest people out there have claimed a collapse is just around the corner. It hasn't yet played out, and I wouldn't hold your breath today either. \n\nAll of the current weakness in China is the result of policy steering the country away from Keynesian spending. No question, following such a path has an impact in the short term. It should, however, put China on a much stronger fiscal foundation over time. \n\nhttps://www.cnbc.com/2024/05/13/house-buyers-in-chinas-tianjin-have-been-waiting-8-years-for-their-homes.html",
"sig": "1e7efe5e98a6b50aeca6aa2d8f7c7ce483e57349082e76714dbb7892eea446a5f5013d96c7ceef6fb4f3644ad278e20d545a627878fa1b73694638cd94794de7"
}