The phrase "it's official" sits right alongside "literally" for most frequently misused statements.

I was wondering if the article was about a credit rating change or something, but I'm halfway through and there is no specific event mentioned. Just generalized analysis and forecasting.

Ugh, learn to data. Maybe the analysis is spot on, but "trust me bro" is not a valid citation.

Bro china's gonna fall any day now, trust me bro. Bro this is different bro, they're falling bro. Dude any day now they're gonna fall bro you gotta believe me bro.

(I'm not a tankie but) Doubt

A) I'm not sure China has had global dominance over the US, but they definitely have dominance over pretty much every other country depending how you measure it.

B) I'm really really not sure I believe the gloom and doom predictions for China's economy when the government tightly controls all aspects of the economy. Even if they have reached the end of the boom, I don't see much of a backslide. They are buying up shipping ports around the world to give themselves preferential rates and access. They are buying up natural resources around the world to give themselves better preferential rates. They are doing what the US did for so long in giving out predatory loans to struggling countries in exchange for preferential trade relations.

I'm pretty anti-China in most things, but I'm realistic about the state of the world.

I don’t directly deal with China, but I do know that it’s pretty much the only place where you can say “I need a factory with 20k people manufacturing a million of these widgets per month,” and it just gets done. There’s obviously all kinds of bad baggage that goes along with that, and yes it’s perhaps ironic that a “communist” country is the go-to place for labor exploitation, but that’s how it is right now.

China may have been guilty of enthusiastic over-investment that got ahead of where their market actually was in areas like real estate. That’s again ironic because that’s exactly one of the weaknesses of market systems.

In the other hand it’s not really ironic because China is actually the apotheosis of state capitalism.

The title is clickbait, but the article itself is worth a read

The end of China's economic boom, just means they cannot maintain above 10% economic growth anymore.

China has had that for about 40 years now, which is insane compared to anything I know of regarding economic miracles.

Chances are that China will manage to beat the west again on economic growth, because they invest heavily in infrastructure and education.

The Chinese Communist Party relentlessly pursued economic development over all else

Yes many countries have tried that, but none have had a 40 year long success story like China. It could easily be argued that in the same period the west too have had policies of economic growth, to sustain these societies. Just not as successful as China.

Let's start with the country's real-estate market

Yes and contrary to the financial crises where western governments protected the rich mega companies, China does the Opposite, seemingly a lot like Iceland, that during the financial crisis was among the hardest hit, but let the unprofitable institutions collapse, and was among the first to recover.

China's largest real-estate developer, is on the brink of collapse.

Yes exactly, a company that China may be better off without. As it engages in wild speculative projects that turn sour. So maybe they are better off just letting it collapse? If it collapses, the equipment and projects will probably be split many ways, the rot removed, and the remaining good projects may continue with other contractors. It remains to be seen how China will manage this. But it's pretty obvious that 40 years of 10% growth will create crazy markets. That may need to be rebalanced and stabilized.

The real-estate sector is the most visible sign of China's fading star,

To be honest, this sounds to me more like wishful thinking, than what we can actually reasonably expect will happen.

I am absolutely not a fan of Xi Jinping, and his authoritarian style and recent power grab. I hope he will be replaced soon, and China can continue on a more humane inclusive and tolerant path.

This seems a little too sensational to be trustworthy. I’d take it with a grain of salt. China, like the US, is an economic superpower. Economies have ups and downs, and China still has a long road ahead.

1. business insider

2. They're literally getting stronger

No, it isn't. China is just no longer growing at the unrealistic expectations of US economists.

It’s official: Click here to find out the 10 facts that Winnie the Pooh doesn’t want you to know about China

I didn't even know China was dominating us tbh

This is the best summary I could come up with:

For the past three decades, China has been on the upswing of a supercycle that saw an almost uninterrupted expansion of the country's capacity to manufacture, appetite to consume, and ability to project power across the world economy.

Chu — who has been called the "rock star" of Chinese debt analysis — told me that this weakness is not just a result of a cyclical downturn; it's a part of a more permanent shifting of supply chains caused by trade tensions with Europe and the US.

Allowing a property-market correction, bailing out local governments, creating a new funding mechanism for them, developing a social safety net for the people through all this instability — all of it costs money.

When Japan started struggling in 1991 with a similar dynamic — aging population, sky-high debt, and slowing growth — its GDP per capita was more than triple that amount, at $41,266 in today's dollars.

"What's really a shame is that China never seized the opportunity on the way up to build a comprehensive social safety net where people feel they don't have to save a lot of money for a rainy day — for healthcare, education, what have you," Chu told me.

Earlier this month, the House select committee on China competition held a hearing in New York City, calling on witnesses to describe what risk looks like with a Chinese Communist Party that's less committed to the free flow of capital and more concerned with flexing its muscles within its region.

The original article contains 2,755 words, the summary contains 251 words. Saved 91%. I'm a bot and I'm open source!

There's a good YouTube video titled something like "china's economy is 60% smaller than they state". It's worth watching.

oh my god, haven't we had enough global crises over the last 3 Years? i mean i hate china too, but we're still dependent on their economy.