this post was submitted on 04 Apr 2025
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That is simply not reality. Global manufacturing center. Even with slowdown/flat housing sector, they've managed 5% growth just from manufacturing. Low debt. Everything else you said is outdated and false, IMO, and just part of desperate smear propaganda we are fed continuously.
China's opportunity is to subsidize its consumer sector inviting nations that want to be friendly to it to export. Asia is low hanging fruit. Europe has luxury and alcohol, airplanes, but also well made status cars.
Big mistake for Canada to shut out China based on US smears and hatred. EU does not lead without extensive cooperation with China, or warmongering against Russia. China can treat EU better than US, but deprogramming from Russophobia and Sinophobia just seems so far away, that them choosing to be 52nd state is closer to overton window despite US attacks.
I really wonder which of us is deluded by propaganda.
Putting aside the fact that I seriously doubt that 5% declared is rooted in reality, there is zero doubt that the Chinese population is drowning in debt. When it takes a half decade of work just to put a down payment for a home, and they have hundreds of millions of home units verifiably existing, and entire cities of completed homes with only a small fraction of which are being used, with evidence of such popping up all the time, saying that the population isn't in a desperate financial situation is ludicrous.
I do agree that Asia is a low hanging fruit, but that's mostly India and southeast Asia. China has no ability to import anything beyond base commodities and any decent scale. Just look at their stock markets and how they're all wildly fluctuating like a gambling addict at a craps table. Not to mention that many of their greatest corporations are either going under or fleeing the country.
Foxconn of all companies have mostly moved out have set up base in India and the Philippines. Not to mention the top five construction companies are all going under with debts in the billions.
And if that's not enough for you, what about all the refugees that are crossing over from Colombia? That the US declared last year that Chinese made up the greatest single group seeking asylum via one of the world's most dangerous migration paths.
Been 20 years of smears repeating it after every quarter. 8%+ electricity growth is consistent with 5% gdp growth.
Seems much worse here. Policy for abundance is what makes China successful. Our corruption needs to project winning, being better, in order to protect our corruption.
I don't know about that. But a Chinese policy to promote stability is that permission is required to move to a new province. While every province wealth/growth is very strong, with poorer provinces growing faster through subsidy/investment, there may still be the opportunity seeking that you describe. OTOH, it could all be another lie.
You say the electricity growth is 8%, yet night time luminosity in China's never actually kept up with such numbers the entire time. Not even close. This is the single most objectively reliable source for determining the affluency of a region, since you can't hide the lights used by the average citizen at night.
And I mean, you call it all a smear campaign, but it's a well known fact that China's been faking its population numbers. That 1.3 billion population was entirely faked and completely impossible, not to mention that the COVID coverup is also a well known and documented phenomena. In fact, there's strong evidence to show that not only was those numbers vastly different from reality, but the degree of which is staggering. Most studies, both internationally and within China, state that the total population in 2020 was likely under a billion, with most estimates being closer to 800 million. This is in line with the police database that was leaked around the same time.
Not only that, but the death rate wasn't the usual single digit percentage the government has been insisting, but rather, it might be as high as 50% of the population. While there isn't much concrete evidence for this since the level of suppression means that it's insanely difficult to get concrete numbers, the estimates are based on the amount of cremations done during the last five years compared to past trends. And if that's not enough, imports of common staples like table salt has gone down by 50% despite no signs of any increase of local production.
You keep insisting that everything is swell in China and that anything that says otherwise is just propaganda, but you completely ignore easily verifiable evidence of the contrary like their own publicly release stock market numbers, or their actual trade volumes reported by other nations.
China is a nation that states things first, then expects the evidence to follow what the government says. That's why they put GDP growth targets, unlike pretty much every country in the world.
Stock market is a measure of oligarchy and scarcity. I will look at a link on mismatch of china exports with other nation imports.