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FT Edit
@ftedit.ft.com

Reluctant consumers, deflationary pressures, deteriorating demographics: China's economy increasingly resembles that of Japan during its long malaise from 1990. Once tipped to overtake the US, is China now facing its own "lost decades"? Today's Big Read is on #FTEdit 👉 ft.trib.al/V8A2slr

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t0ussaint ☭黑人问号脸
@t0ussaint.bsky.social

china gdp grew at 4.5% last Q, twice the US rate. china's economy is only smaller than the US if you count in dollars, but china counts in yuans, which it has 2x the dollars out there circulating bsky.app/profile/t0us...

t0ussaint ☭黑人问号脸@t0ussaint.bsky.social

it takes 7.12CNY to get 1USD, so doing the conversion you see the China has more than twice as much money in circulation than the US. Is a skyscaper built in Beijing worth 1/7 what it would be worth if it were in new tork city...is the US economy still #1 ...hmmm tradingeconomics.com/china/money-...

wfrost
@wfrost.bsky.social

A Japan-like path would be pretty good outcome for China. Important to remember that Japan’s real GDP per hour worked has grown at the same rate as the EU over last 30 years. (The key difference is demographics)