Made in China ?
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What is your criteria @Ninethousand ? Here is some proof to look over.(All articles between this week or other weeks in December or November 2023.)
Moody’s cuts China’s credit outlook to negative on rising debt risks (CNBC December 5th 2023)
World Bank GDP Growth Drop Over Many Years (World Bank Dec 2023)
Ten Most significant World Events In 2023 From The Council On Foreign Relations (CFR Dec 2023)
China economy on brink of 'vicious loop' threatening Beijing with financial collapse (Express UK)
Chinese economy in meltdown as millions default in echoes of 2008 financial crash (Express UK)
Chinese economic meltdown sparks panic as almost $1trn wiped off stock market (Express UK)
Foreign investment in China goes negative for first time in decades (Axios)
China, once an unstoppable economic powerhouse, has hit a wall (The Hill)
merged into first comment.
@SirCryptomind The tricky part is that "is collapsing" could mean a wide range of things; my overall impression is more one of "slowly building problems" and less "dramatic and rapid implosion" and I have no idea which of those is supposed to be meant. Or whether we're looking more for "is collapsing" of "will have collapsed".
My inclination at the moment is towards N/A if we don't get good clarification from the creator.
@EvanDaniel I figured I would post proof regardless. I watch CNBC, Cheddar Finance, Bloomberg all day.
Bloomberg is worldwide, and I trade mostly during Asia hours (because cryptocurrency), and the China economy is not what it was or used to be in most measurements at less than pre-pandemic levels, which is bad.
The proof I posted is for the creator to determine, and I figured they would side with YES. And if the creator does not come back, than I already understood since it is a bit subjective and no clarifications that it would N/A.
(Since I don't take loans out, it was like putting mana off to the side to see if it grows or comes back lol)
There have been news stories like this every few years for the past few decades. China is, nevertheless, not in fact collapsing.
The EU economy is also not as dynamic as in the past. It is, nevertheless, not collapsing.
Example: CHINA CRASH 2012: Here's Why It's Finally Happening
I could find a bunch more, but news headlines are often just lies, even from otherwise reliable sources.
The plain meaning of 'collapse' is like 'fall apart', 'catastrophe', 'huge decline'. A slowing of growth isn't a collapse. It's debatable if 2008 is a 'collapse' - and china isn't close to that afaik. South Africa, Venezuela, etc are what I think of when I hear 'collapse'.
@jacksonpolack I can understand what you are saying, but I would say it will only continue to worsen.
Old but good read from June 2021
India actually passed China this year, 2-3 years ahead of past projections.
Source : Ten Most significant World Events In 2023 From The Council On Foreign Relations (December 8th 2023)
