Hacker News new | ask | show | jobs
by kayewiggin 534 days ago
It's pretty tiring responding to folks who just parrot Chinese government's official 5% numbers and never bothered look into the actual details. Like its well educated workforces being laid off at age 35, and 80% of recent graduates are unemployed or driving didi or delivering food. Or China's low end manufacturing shutting down or moving to Southeast Asia, and high end manufacturing being tariffed/sanctioned.

Here are some actual experts take on China: Longtime China bull Ray Dalio fears economy faces problems as severe as Japan in 1990 https://fortune.com/2024/09/18/ray-dalio-china-property-bubb...

or Private equity investors trapped in China as top firms fail to find exit deals https://www.ft.com/content/0575e216-8dae-4df6-bf50-312f78468...

or Starbucks reportedly mulling China business stake sale https://www.worldcoffeeportal.com/Latest/News/2024/November/...