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China Is on Edge as Fallout From Its Real Estate Crisis Spreads
(www.nytimes.com)
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this post was submitted on 21 Aug 2023
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Whew, that was a whole lot at once. And like, I get the gist of this but not the impact. Once a certain (very low) bar has been reached, countries are remarkably stable things. Worse disasters have befallen other nations that ended up surviving intact. You have to be super unhappy to want to rock the boat that much. China's one of the biggest, richest countries in the world. It'll get bounced around by headwinds but I doubt we're going to see some crazy democratic revolution - that's kind of a Western dream, if I could be so bold as to say so.
At the absolute most, I can see Xi and Xi supporters being tossed out via party mechanisms and a new guy taking over. Make a few minor corrections, maybe one big, but a natural equilibrium will return pretty quickly.
Yeah, the Chinese are not exactly unhappy with their leadership. They all profited from the economic rise of the nation. It will take years of economic strain to push people to a revolution.