The Financial Collapse of 2001 Unwinding Message Board

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Strategies & Market Trends : The Financial Collapse of 2001 Unwinding

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To: Elroy Jetson who wrote (12901)	8/12/2024 3:33:29 AM
From: elmatador	of 13783

It is simple as I taught TJ. China needs to move to a 2% GDP growth. China faces two problems: 1) It can't move away from the "exporting its way out of poverty" model. “China is now simply too large for the rest of the world to absorb this enormous capacity,” Yellen said. 2) The Stalinist model of throwing capital-, labor, and cement into the economy. The provinces needed to show job creation to get more budget from the Chinese Central government and construction was the easiest way to do it. Like I told TJ. The Chinese economy would go to 2% GDP growth as 2% of an $18 trillion economy is an impossible task. How is China trying to solve the above? Increasing exports to the Global South but that needs 2 decades to change. As the Stalinist economic model is concerned a) there are fewer people needing jobs because the workforce is aging b) Fewer people want to go work in construction as they are more educated than their parents and want service sector jobs Will China solve that? Sure. China is a Communist country. The CCP will just change their Five-year plan. No change of government every 4 years Every new administration changes what the previous ones have done. And CCP top dogs are much more competent than having to agonize with a Joe Biden and the risk of having a 4-year with Kamala

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