Comment on Finally, Common Ground...
shneancy@lemmy.world 2 days ago
isn’t china struggling with deflation nowadays, though? they can afford things perfectly well, they just don’t do it
(correct me if i’m wrong i know fuck all about economics)
Comment on Finally, Common Ground...
shneancy@lemmy.world 2 days ago
isn’t china struggling with deflation nowadays, though? they can afford things perfectly well, they just don’t do it
(correct me if i’m wrong i know fuck all about economics)
CosmoNova@lemmy.world 2 days ago
It‘s not going well for the average Chinese worker in recent years from what I‘ve heard. The pandemic and crumbling real estate market followed by countries diversifying their economies away from China (albeit slowly) and Trumps arbitrary trade war aren‘t good prospects for China. Xi Jinping‘s rhetoric in speeches went from „prosperity for all“ before the pandemic to „prosperity in moderation“ to essentially saying people shouldn‘t expect anything at all in his „eat bitter“ speech last year and that was before tariffs. Order books are empty and unemployment is rising just like it is in many places of the world right now to be honest. These are economically turbulent times and export economies are struggling when nobody can afford shit.