>b-but muh economic crash
>>67580856
>muh china bubble
>believing China's statistics without any doubts
>>67580856
China is an interesting thing for economists though.
Their growth rate in any similar situation would have caused some issues, but that seem to be doing good, and weathering any global economic shifts.
>>67580915
>just ignore it and it'll go away
https://www.imf.org/external/pubs/ft/weo/2016/01/weodata/index.aspx
>>67580915
kek China overproduces and overreports its industries to drive down the price of basic materials and products, like steel, thereby forcing companies overseas to close their doors or move to 3rd world shitholes. China's state industry machine is using the same strategy as Walmart: Take a margins hit long enough to strangle your competitors.
>>67580961
China is at times a special case and yet similar to its neighbors.
South Korea and Taiwan's development are it closest analogue and most likely future.
>>67581329
For example, China is currently where SK was in 1985, where Taiwan was in 1980, and where Japan was in 1975.
All of these nations grew rapidly without recessions until the 90's.
>>67581329
Fair point. I suppose South Korea had a similar meteoric raise when they fully embraced global economics.
>>67581282
They have the backing to utilize economy-of-scale
>>67581437
SK constantly grew until it became moderately wealthy. Then a financial crisis and 2008 slowed it down.
China at least has a decade before that natutal growth rate falls into the range where a recession could happen.