China is following the playbook of Japan, South Korea, Taiwan and similar countries. The all used window guidance to quickly grow targeted industries, which actually worked very well. All of them are wealthy countries today. However that dependence on how good the window guidance is. They take on a lot of debt to invest and it only works as long as the investment is actually smart. If not the debt increases and that causes massive problems down the line. So it creates a bubble and when it pops it hurts badly. After decades of growth those bubbles probably are nasty.
- 5 Posts
- 6 Comments
Joined 2 years ago
Cake day: June 9th, 2023
You are not logged in. If you use a Fediverse account that is able to follow users, you can follow this user.
MrMakabar@slrpnk.netto World News@lemmy.world•‘Tariff shockwave’ leads to collapse in ocean container bookingsEnglish1·16 hours agoIs Trump working on Making America Great Again, by turning it into a European colony again? A massive trade war with China, is obviously going to hurt both countries and Europe is the largest economy left.
MrMakabar@slrpnk.netto World News@lemmy.world•‘Tariff shockwave’ leads to collapse in ocean container bookingsEnglish14·16 hours agoShrinkflation is when somebody sells you less of a product for the same price.
What you mean is stagflation. That when you have high inflation and a shrinking economy.
At any rate this is really great news for the environment.
MrMakabar@slrpnk.netto Ukraine@sopuli.xyz•The total combat losses of the enemy from 24.02.22 to 21.04.25English6·21 hours agoLooks like the Easter peace got at least observed on some parts of the front.
MrMakabar@slrpnk.netto Ukraine@sopuli.xyz•Former Kursk Oblast governor arrested for embezzlement in Ukraine border fortificationsEnglish0·5 days agoThis is not about corruption. Everybody knows Russian officals are corrupt, including the Russians themself. It is part of the pearks. The reason they trial him, is to get rid of him for whatever reason.
Sorry, but did somebody ask AI to create some cyberpunk motorcycle pictures for this article?