326
US approves potential $500m sale of military equipment to Taiwan
(www.aljazeera.com)
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
this post was submitted on 24 Aug 2023
326 points (96.8% liked)
World News
32352 readers
650 users here now
News from around the world!
Rules:
-
Please only post links to actual news sources, no tabloid sites, etc
-
No NSFW content
-
No hate speech, bigotry, propaganda, etc
founded 5 years ago
MODERATORS
The difference is that the economy of China is roaring ahead while the so called economy of the Soviet Union went from bad to worse.
By every measure I'm aware of the Chinese Economy in 2023 is failing. FDI is down 90% YoY, Imports and Exports are down YoY, Youth Unemployment is unbelievably high, Real Estate market is collapsing, inbound tourism is down 90%, and companies are moving their manufacturing facilities out of the country.
The Pandemic surely had some to do with all of that but I'd point at the escalating Trade War with the "The West" as the primary cause. A Trade War that was specifically engineered to damage the Chinese Economy.
No not really, probably less than an hour per week for all video sources combined. I find video news moves too fast and has too little detail / nuance so I spend a lot more time with online text media like Axios and Ground.news than anything else.
Okay. It's not like I'm over here cheering it on. Any significant downswing in the Chinese economy will be bad news for everybody, including me.