You are viewing a single thread.
View all comments
0 points

Yeah I’m no economist but “Japanification” has always seemed like a likely outcome for China. Every so-called emerging economy eventually finishes its rapid growth phase, and then they’ll be faced with slower or no growth, a shrinking population, and competition with cheaper countries with lower living standards.

It doesn’t truly seem like such a bad thing to me, I mean the Japanese seems to be doing alright, but in terms of economic development it’s a big downer.

permalink
report
reply
0 points
*

China has risen way less in terms of GDP per capita, even using power purchasing parity estimates. Japan is at 52k $, China only at 23k (Wikipedia).

I cannot ultimately judge this but the common wisdom about the Chinese social contract seems to be that the citizens get comparatively high economic security for comparatively low civil liberties. And while China’s pro-poor growth has certainly been more than impressive historically, I am not sure that the comparatively still low incomes especially in the inner parts of China are sufficient to maintain this social contract if growth does really slow down significantly.

Edit: I agree in general though that the state of Japan is probably not be as bad as it is made out to be in the article.

permalink
report
parent
reply

World News

!world@lemmy.world

Create post

A community for discussing events around the World

Rules:

  • Rule 1: posts have the following requirements:

    • Post news articles only
    • Video links are NOT articles and will be removed.
    • Title must match the article headline
    • Not United States Internal News
    • Recent (Past 30 Days)
    • Screenshots/links to other social media sites (Twitter/X/Facebook/Youtube/reddit, etc.) are explicitly forbidden, as are link shorteners.
  • Rule 2: Do not copy the entire article into your post. The key points in 1-2 paragraphs is allowed (even encouraged!), but large segments of articles posted in the body will result in the post being removed. If you have to stop and think “Is this fair use?”, it probably isn’t. Archive links, especially the ones created on link submission, are absolutely allowed but those that avoid paywalls are not.

  • Rule 3: Opinions articles, or Articles based on misinformation/propaganda may be removed. Sources that have a Low or Very Low factual reporting rating or MBFC Credibility Rating may be removed.

  • Rule 4: Posts or comments that are homophobic, transphobic, racist, sexist, anti-religious, or ableist will be removed. “Ironic” prejudice is just prejudiced.

  • Posts and comments must abide by the lemmy.world terms of service UPDATED AS OF 10/19

  • Rule 5: Keep it civil. It’s OK to say the subject of an article is behaving like a (pejorative, pejorative). It’s NOT OK to say another USER is (pejorative). Strong language is fine, just not directed at other members. Engage in good-faith and with respect! This includes accusing another user of being a bot or paid actor. Trolling is uncivil and is grounds for removal and/or a community ban.

  • Rule 6: Memes, spam, other low effort posting, reposts, misinformation, advocating violence, off-topic, trolling, offensive, regarding the moderators or meta in content may be removed at any time.

  • Rule 7: We didn’t USED to need a rule about how many posts one could make in a day, then someone posted NINETEEN articles in a single day. Not comments, FULL ARTICLES. If you’re posting more than say, 10 or so, consider going outside and touching grass. We reserve the right to limit over-posting so a single user does not dominate the front page.

We ask that the users report any comment or post that violate the rules, to use critical thinking when reading, posting or commenting. Users that post off-topic spam, advocate violence, have multiple comments or posts removed, weaponize reports or violate the code of conduct will be banned.

All posts and comments will be reviewed on a case-by-case basis. This means that some content that violates the rules may be allowed, while other content that does not violate the rules may be removed. The moderators retain the right to remove any content and ban users.


Lemmy World Partners

News !news@lemmy.world

Politics !politics@lemmy.world

World Politics !globalpolitics@lemmy.world


Recommendations

For Firefox users, there is media bias / propaganda / fact check plugin.

https://addons.mozilla.org/en-US/firefox/addon/media-bias-fact-check/

Community stats

  • 12K

    Monthly active users

  • 5.8K

    Posts

  • 58K

    Comments