• LibsEatPoop [any]@hexbear.net
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    11 months ago

    The entire article is laughable of course, but I have to just admire the sheer audacity of the last part:

    If Xi’s government privatizes inefficient state-owned enterprises, expands access for foreign businesses, and provides more social services and better protection of private property, the economy would embark on a much stronger growth path.

    As no such reforms were implemented in 2023, the stalled economic recovery should not have come as a shock. Things could get worse for China in 2024 without new pro-market initiatives. Xi might then have to pray for a bit more luck.

    Wow. I wonder why this commentator thinks US/West who already do these things are struggling right now, even more than China?

    • CrushKillDestroySwag@hexbear.net
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      11 months ago

      If Xi’s government privatizes inefficient state-owned enterprises

      Earlier this year Xi’s government saved the Chinese economy by buying up a massive chunk of the private real estate sector, literally the opposite of this nerd’s prescription.

    • Juice [none/use name]@hexbear.net
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      11 months ago

      Its this guy’s job to convince the readers of Business Insider: dentists, chiropractors, sea doo dealership owners, petty land lords-- not to invest in Chinese businesses. If people see China as a place that’s thriving they’ll invest in Chinese markets, which will make it harder to convince these petty bourgeois investors to go to war with China

    • Tankiedesantski [he/him]@hexbear.net
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      11 months ago

      No wonder we call economists the high priests of capital. Indistinguishable from some priest doomsaying the next harvest because we didn’t sacrifice enough bulls this season.

  • ShimmeringKoi [comrade/them]@hexbear.net
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    11 months ago

    The part in every anime where the self aggrandizing villain gets hit by the unassuming hero after their training arc, then they fly back and make a crater in a wall, then after going Huaa?? they wipe off a little mouth blood with their sleeve and say something like “Heh, beginner’s luck. Let’s see how you deal with THE TRUE POWER OF THE FREE MARKET!”

    I can hear the guitars already

  • KimJongGoku [comrade/them]@hexbear.net
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    11 months ago

    Really weird that the evil empire that has to be contained by NATO forces improved it’s standing in the world by doing nothing while the beacon of freedom and democracy is waging multiple wars and supporting genocide and still loses ground thinkin-lenin

  • sooper_dooper_roofer [none/use name]@hexbear.net
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    11 months ago

    Tuesday: “A Chinese bookseller recalled a book. Somehow, this *shuffles deck* means that Xi’s hold on power is slipping”

    Wednesday: “Xi got lucky this year”

    Thursday: “Xi’s grip is tightening! Please release me!”

    • Adkml [he/him]@hexbear.net
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      11 months ago

      Meanwhile America continuing to bet it all on green and writing op Ed’s on why that’s the smartest move because if it hits they’ll win the most.

  • CrushKillDestroySwag@hexbear.net
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    11 months ago

    no doing of its own

    This is kinda true but not in the way the author intends. A big part of why China’s geopolitical fortunes are able to rise is because they literally don’t do anything while America acts like a huge bully and pisses everyone off, as long as America’s foreign policy is what it is China gets to play the game of international relations on easy mode.

    • huf [he/him]@hexbear.net
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      11 months ago

      not quite easy mode because the entire west and parts of the rest of the world are made of gibbering sinophobes high on western agitprop…

    • charlie [any, any]@hexbear.net
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      11 months ago

      I think it’s closer to like 95% if you pull back the layer of Chinese exports going to Canada/Japan/Mexico for assembly and then being imported to the US. Those show as Canadian/Japanese/Mexican imports in figures which I find misleading.