Eerily similar to post-growth 80s Japan. Chinas growth period is over. Sorry all edgelord BRICs bootsuckers here.
China is making a Roulette bet and putting everything on winning worldwide automobiles. If this bet works out they'll make it, if not the middle income trap will have won.
The US must fully embrace and encourage stablecoin providers. Being able to put USDT/USDC directly into the hands of every Chinese, Indian, Brazilian, etc is a win-win for all (well its a major loss for the local politician, but who cares....)
We only need a single shitcoin, and king-shitcoin (USD) should be it
Sidenote: another thing 80s Japan, 20s China (and 20s Germany iwbh) have in common: A cultural scarcity mindset. No domestic demand. No courage for entrepreneurial supply side risk taking. No drive for improving the standard of living, therefore no domestic demand.
China has huge domestic demand
Not enough for their HUGE production
Has it tho? If they did, they wouldn't be so reliant on exports.
Means their bond investors make money. Rates will be cut all over the world, currencies devalue. Only Bitcoin!
Isn't fun how the world crumbles? Aren't they all escaping into gold?
The world doesn't crumble. Only centrally planned economies that failed to innovate or diversify do.
Where's the bottom?
If Japan is anything to go by: the bottom isn't that deep but very prolonged :)
https://xcancel.com/DrJStrategy/status/1868640984088953123