this post was submitted on 28 Jan 2024
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GenZedong
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Hey, do you mind providing any sources?
90% of the information on property bubble came from this Wen Tiejun’s video, translated by myself from Chinese.
If you don’t know Wen Tiejun, he’s a Marxist economist and an expert on the “three rural/agricultural issues” (三农问题), and a close collaborator with Michael Hudson (a lot of Hudson’s lectures is also on the youtube channel).
Information about trade came from various blog posts from Zuo Da Pei (左大培) and Jia Genliang (贾根良), both of whom are well respected Marxist economists in China. You can search for them if you know Chinese and their articles will come up. Information about internal circulation model came from Jia Genliang’s《国内大循环：经济发展新战略与政策选择》 (The Great Domestic Circulation: new strategies for economic development and policy choices).
I am actually surprised the comment got deleted by the mods, since what I have been trying to show is to educate about the complexity of challenges that China has had to face, which has been way too over-simplified and trivialized by OP, and misses the fact that China has to constantly adapt to a changing global environment imposed by a hostile global hegemon, and along the way made many mistakes that are deemed conservative by many Marxists in China.