this post was submitted on 29 Jan 2024
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A Boring Dystopia

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[–] novibe@lemmy.ml -1 points 9 months ago* (last edited 9 months ago) (2 children)

They already resolved the real estate issue, without any crisis. And you might not know cause this isn’t news in the US, but China has been massively offloading all its US debt and dollar reserves. They are preparing to decouple, the US has been threatening to do it for so long. But the fact is, the US and the West will suffer much more than China. They are pivoting to a service and tech economy, and will become the new US of a new “global south” pole.

The image that China is a “manufacturing” hub for the west is super outdated.

[–] jaybone@lemmy.world 3 points 9 months ago

Tankies gonna tankie.

[–] Coreidan@lemmy.world 3 points 9 months ago

They already resolved the real estate issue, without any crisis

Nope. Most definitely not. Never heard of Evergrande have you?