Discussion on the coming lost decade in china
I was meditating on the container ship issue. The root issue is China does not need raw materials for construction, because they overbuilt. Theis is due to the evergrande situation, and the collapse of their real estate sector.
Their alternative to real-estate was tech, specifically the Digital Yuan. The problem was it was bad, really bad. Instead of making DY better,
they decided to break up alipay and make the private sector solution worse. i.e. kill Ali Baba.
In the end they cucked themselves. External trade is dead because on one trusts Chinese investments. Internal trade is dead because of being centralized hobbling.
We should be looking at latin america for growth.
Their alternative to real-estate was tech, specifically the Digital Yuan. The problem was it was bad, really bad. Instead of making DY better,
they decided to break up alipay and make the private sector solution worse. i.e. kill Ali Baba.
In the end they cucked themselves. External trade is dead because on one trusts Chinese investments. Internal trade is dead because of being centralized hobbling.
We should be looking at latin america for growth.
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P.S. Trump just won the trade war.
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