China is still mostly focused on export, and has no plans to change this. The government doesn't do anything to encourage consumption to boost the economy like is commonly done elsewhere. Consumption naturally went up as production did, of course. Advertising and media influence has helped this. But the government is trying to reduce that media influence.
Many western economists hilariously claim that Chinese domestic consumption is too low to sustain the economy, and therefore it's gonna collapse. Because endless growth is the only way to survive apparently.
I think you are wrong mainly in that you assume China is trying to go out of their way to humiliate the West. I don't think that's the case. China just wants to build a comfortable life without doing it at the expense of other people.
The goal is to get to the point where they can just chill and not care about petty things like that. Economic success is key to that.
I think you are wrong mainly in that you assume China is trying to go out of their way to humiliate the West.
The funniest part is that they don't really need to, because it's become clear that the west will do that on their own if you give them enough space for it.
China is still mostly focused on export, and has no plans to change this. The government doesn't do anything to encourage consumption to boost the economy like is commonly done elsewhere. Consumption naturally went up as production did, of course. Advertising and media influence has helped this. But the government is trying to reduce that media influence.
Many western economists hilariously claim that Chinese domestic consumption is too low to sustain the economy, and therefore it's gonna collapse. Because endless growth is the only way to survive apparently.
I think you are wrong mainly in that you assume China is trying to go out of their way to humiliate the West. I don't think that's the case. China just wants to build a comfortable life without doing it at the expense of other people.
The goal is to get to the point where they can just chill and not care about petty things like that. Economic success is key to that.
The funniest part is that they don't really need to, because it's become clear that the west will do that on their own if you give them enough space for it.
Turns out the greatest way to beat the u.s empire is to not compete with them and let them crumble under the weight of their internal contradictions
:some-controversy: