this doesn't mean that china has no economic issues at all. real estate, for example, must be properly managed without wiping out everyone's investments.
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I don't think preserving investments is going to be the priority there, rather the focus will likely be on preserving jobs. What I think is most likely to happen is that large chunks of the real estate industry become nationalized.
The Economist on its way to Proving Lenin He Was right everytime they make a dumb Article
Yeah, I know they were wrong the last 187 times about China, but this time they're totally right and China will collapse any day now!
Though this isn't actually about China, not really. This isn't an analysis, it's soothing balm for liberals. It's telling them "the enemy" isn't to be feared because they will destroy themselves through their ~~lack of whiteness~~ ~~strange oriental ways~~ incompetence and lack of "civility."
They constantly put out articles like this to tell the people that no matter how bad things get in the west, and no matter how good things seem to be getting in China, that's all just theater and China is automatically worse by default, regardless of what evidence, statistics or reality say.
I always tell myself people will wake up when they realize how much better their lives get while ours get worse and worse, but even when I talk about their poverty alleviation, growing middle class, green energy initiatives etc. people just kind of blank and don't say much. The truth is already so far distant from what people are taught it's like they think I'm lying or being lied to.
Yeah, that's kind of the problem. They've been trained to think that China just "lies" about everything, and only the clever western media sees through those lies (even when those "lies" are information independently collected by the UN or other organisations.)
They want China to be the bad guy, so China can't ever do anything positive. It's always a bad guy, doing bad guy things.
Yeah, I know they were wrong the last 187 times about China, but this time they’re totally right and China will collapse any day now!
It's the same process they use to justify whatever war the United States currently happens to be waging. "Sure, the US government lied to us about Vietnam, Iraq, Afghanistan, Libya, etc., but this time is different, I swear!"
Like the old proverb goes: Fool me once, shame on you fool me a hundred times, and I just might be a lib.