filoria
Economics says that Chinese companies are just more efficient as a whole - through sheer competitive advantage, China can produce more per work-hour than everyone else. In fact, this has been a huge problem for China’s labour demographics as there’s just simply no more manufacturing jobs - an auto factory that would’ve employed thousands just a decade ago might employ barely a few hundred today. Instead of outsourcing to other countries, most of those jobs have been literally outsourced to robots
Something something this is a sign of a healthy economy and it’s actually China that’s going to collapse
The story not being told is that Chinese factories are absurdly automated compared to the rest of Asia - their competitors are South Korean and Japanese factories, but they’re entering markets that are still heavily labour-centric. China is spearheading this new evolution of industrial manufacturing and everyone else is forced to either adapt or die.
Definitely no signs of foreign interference, which the US would never do in South America.
If anyone wanted more evidence of how IMF loans are not in the best interests of the countries that take them, see here.
Purge has a Soviet connotation.
How about “removal of dissidents”?
IMF: your housing market is collapsing
China: yeah we know
IMF: so how about you bail out those poor housing investors
China: …no thanks
IMF: surprised Pikachu
The UAE now has a more progressive abortion policy than some states?
