this post was submitted on 28 Aug 2023
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[–] PunnyName@lemmy.world 63 points 1 year ago (2 children)

Sensationalist title with a question mark at the end of it?

The answer is almost always "no".

[–] MidwayTheMagnificent@wayfarershaven.eu 16 points 1 year ago (1 children)

Betteridge’s Law of Headlines - I find it has near universal applicability.

[–] exploding_whale@lemmy.ml 2 points 1 year ago

Doubly so for any headline predicting a financial crisis of any sort.

[–] zephyreks@programming.dev 12 points 1 year ago

China bet hard on developing countries because the developed world isn't growing at a rate that can keep up with China's economic growth targets. In fact, we're very quickly running towards the crossover point for Chinese trade dependence on the West vs. on the rest of the world.

Also, a big chunk of Chinese exports to the West is in computers and consumer electronics... Markets which have seen a huge slowdown due to commoditization and aggressive political lobbying from the US.

[–] HobbitFoot@thelemmy.club 8 points 1 year ago

No, but the country is going to go through a lot of economic pain.

[–] EnderWi99in@kbin.social 5 points 1 year ago

No, but it's going to take a pretty good ding to eat that Evergrande turd.

[–] boredtortoise@lemm.ee -2 points 1 year ago

Capitalism is China's economy. They'll collapse together when they do