[vinceiiikensin]

This blogger SN is a bit delusional, like most of the nationalistic bloggers anywhere. China was merely a cheap labor source in the routine life of input/output process for a company seeking to produce commmodity products. Like many nations before and after, it will be merely a blip in the long history of factories moving to cheaper and cheaper labor.

SN believes that China can somehow end up like South Korea or Taiwan in terms of prosperity. But there are many factors why it cannot. 1.) authoritarian government skimming most of the profits and giving them to inefficient state owned operations. 2.) population is too large and most are uneducated. 3.) China will be old before it becomes rich. 4.) the culture of stealing and copying prevent it from developing a healthy middle class 5.) China have incurred debts too massive, and choose to invest in poor investment. 6.) it had angered its investors, namely japan, South Korea, Taiwan, US, Europe, with many of its belligerent actions 7.) it has angered many other developing countries. In short, most countries in the world do not want China to succeed

And so we have the reality today: China is way too indebted and a wave of defaults has commenced. Factories and firms have moved out of China. Luxury sales have crashed 50%. Home sales in 2019 have crashed 60%. account deficit will be negative for the year. Import and export are all down. And the hike in tariff is yet to come. This is all happening in the background of declining fertility, population contraction in 2030, and middle income trap, where most Chinese earn less than $1000/month.

[naringas]

> In short, most countries in the world do not want China to succeed

I wouldn't be so sure about that. I suppose most * developed * countries do not want China to succeed.

But what about African countries? or Latin American countries?

[vinceiiikensin]

African countries with large Muslim population certainly hate China. As with most other developing Muslim countries.

[forkLding]

Pakistan and China have been the strongest of allies since 1970s, Iran and the Middle East heavily trades with China, I've lived in the Middle East for 10+ years, money doesn't lie. More and more "dragon malls" from China are being opened up and local Muslims sometimes go to Chinese universities.

[mistermann]

> This blogger SN is a bit delusional, like most of the nationalistic bloggers anywhere.

Being enthusiastically patriotic/positive is probably a Good Idea for a common citizen with such a high profile in China who likely also says negative things quite often.

From reading this I was quite impressed at this kind of intelligent and engaged public dialogue taking place in China, I imagine you could find the same thing in the West, but the difference here is I doubt it has widespread popular interest.

> And so we have the reality today: China is way too indebted and a wave of defaults has commenced. Factories and firms have moved out of China. Luxury sales have crashed 50%. Home sales in 2019 have crashed 60%. account deficit will be negative for the year. Import and export are all down. And the hike in tariff is yet to come.

Anyone have suggestions on a single, relatively unbiased source where one could keep up to date on such things inside China?

[vinceiiikensin]

Why am I being downmodded? I presented very good reasonings and logics

[themodelplumber]

I don't know. Maybe too blunt? Still I found your comment informationally interesting.