• marx_mentat [he/him, comrade/them]
    link
    fedilink
    English
    1922 years ago

    There’s something extremely funny about the president of the US looking at what’s going on China and saying out loud, “Their economy is a ticking time bomb.” This is almost an onion news story.

  • @gnuhaut@lemmy.ml
    link
    fedilink
    1582 years ago

    Yeah yeah, I’ve heard that before. There’s a whole cottage industry of “experts” that have predicted the imminent collapse of China going back decades. Call me when it actually happens.

    • @ImplyingImplications@lemmy.ca
      link
      fedilink
      382 years ago

      China’s economy is stacked like a house of cards and could come crumbling down due to some unforeseen global financial shock, but then again that sounds like most modern economies. I think people just pick on China because, instead of having a group of billionaires stack up the cards, the government does it themselves.

      • somename [she/her]
        link
        fedilink
        English
        932 years ago

        Even if that shock happens, China will still be in a better situation. Like, they actually manufacture stuff there, and the government builds infrastructure aggressively. That’s two massive benefits to economic security and health.

      • robot [they/them]
        link
        fedilink
        English
        772 years ago

        People (westerners) pick on China because they want it to collapse. It’s entirely wishful thinking.

      • spectre [he/him]
        link
        fedilink
        English
        572 years ago

        The Chinese government stacks the cards though it actually has the capability to use some toothpicks to hold them in place, and will immediately rebuild it things start to fall apart.

        To contrast, the US will flounder and pull their one “low interest rates” lever while having a political blowout over some sort of stimulus funding package that probably won’t pass.

      • ThomasMuentzner [none/use name]
        link
        fedilink
        English
        312 years ago

        Do you repeat something you heard there or can you in detail describe how the worlds greates manufacturing Hub is a economy build on Cards…

      • Frank [he/him, he/him]
        link
        fedilink
        English
        182 years ago

        Well, actually it’s because China’s roaring economic success is both deeply embarassing and existentially dangerous to international fascism and it is absolutely vital that they both discredit China and prevent their thoroughly indoctrinated population from learning anything about China at all costs.

      • NigahigaYT
        link
        fedilink
        162 years ago

        You just described the US, UK, and much of the western world entirely. The global economy is just a bunch of "IOU"s

        • AggressivelyPassive
          link
          fedilink
          182 years ago

          China is a bit different in that regard, though.

          Since apartments are pretty much the only investment for private savings, there’s a huge percentage of the GDP tied to construction. This bubble is not quite bursting, but rapidly deflating, leaving many regular people practically without savings.

          Other countries have inflated real estate markets as well, but their markets simply are not that large in comparison (percentage of GDP).

  • Awoo [she/her]
    link
    fedilink
    English
    1212 years ago

    If you think China’s economy is a time bomb wait til you hear about what it means when the dollar is no longer the reserve currency around the world.

  • Grebgreb [he/him]
    link
    fedilink
    English
    1012 years ago

    The country that leads the world in mass shootings shouldn’t be labeling other countries as “ticking time bombs.”

  • AkariMizunashi [comrade/them]
    link
    fedilink
    English
    96
    edit-2
    2 years ago

    It feels really remarkable how quickly in the late 2010s that top level people in the US government (as well as the media and society generally) pivoted to using annihilationist rhetoric as though China is some sort of anime arch-enemy they have to power up to defeat. I guess this is probably what the red scare years after 1945 felt like when the US and USSR quickly shifted from allies to rivals

  • Flinch [he/him]
    link
    fedilink
    English
    84
    edit-2
    2 years ago

    Man leading country with the largest homeless population in the world says country which eliminated extreme poverty within its borders is about to collapse, of course this is true and should be taken seriously very-intelligent

  • btbt [he/him]
    link
    fedilink
    English
    72
    edit-2
    2 years ago

    biden-troll Don’t worry about having to work 30 hours a day at the sisyphean torture factory to be able to afford your ten square foot apartment Jack, look at what’s going on in China! A sexpat YouTuber who got kicked out of the country says their economy will collapse any minute now! Don’t trust any of the actual data on China’s economy, you can’t fall for those [REDACTED] and their tricks, Jack! They’re weak even though we say they’re strong! THEY’RE WEAK EVEN THOUGH WE SAY THEY’RE STRONG!