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The Forum > Article Comments > China at a crossroads: the future of the 'Chinese miracle’ within the context of a possible financial crisis 2023 > Comments

China at a crossroads: the future of the 'Chinese miracle’ within the context of a possible financial crisis 2023 : Comments

By Vince Hooper, published 14/9/2023

China's once-ubiquitous growth rates have given way to a more modest target of around 6%.

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Too big to fail? I say no.

Let the world steer clear, as much as reasonably possible, of this CCP power-hungry expansionist government. And set up treaty and trade alliances with neighbours who can be trusted, trade and defence allies.

Other countries we share democracy and common value interests, are the ones we need to assist where we may. Not rogue nations like Russia, China and North Korea.

One recalls British investors who wanted Britian to not declare war on Hitlers Germany, because they had investments in German steel mills and such. Well, they may have had to take a haircut, but the world did not and eventually recovered even stronger, thanks to Keysian economics.

Which could work in China if aimed exclusively at civil Devlopment not massive military build-up!
Alan B.
Posted by Alan B., Thursday, 14 September 2023 11:34:22 AM
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China assiduously avoids costly wars as all the while preparing for one.
Smarter than the average bear.

China has lost to war and invasion too often not to learn valuable lessons.

What Chinese cannot gain with innovation they will steal; common complaint.

China has a very long and established diaspora globally, much of which has innovated for survival.

China remains the supreme leader of a growing and influential East, and is unlikely to be dethroned any time soon, irrespective of what happens.

As the West continues to contest the East with abysmal failure, can the West survive its blunders, seems to be a more apt question.
Posted by diver dan, Thursday, 14 September 2023 3:48:20 PM
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I think Vince must have been living under a rock. The financial crisis has been developing since 2020 and is now spinning out of control.

Chinese imports and exports have dropped by 10/15% Nearly every construction company is bankrupt or in severe distress, China has stopped publishing youth unemployment rates which are estimated to be near 30%. The RMB is devaluing, global finance is fleeing China and the birth rate is continuing to plummet. China is spending big to try and pull out of this crisis and running a deficit of about 7% of GDP but this does not seem to be helping.

China was predicted to overtake the US by 2035, but this looks likely to never happen.
Posted by shadowminister, Friday, 15 September 2023 8:49:43 AM
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