> Can the Chinese avoid a serious recession forever? You would have to assume not, that will ultimately be the test of how well their system holds up.
China is sitting on a knife edge, I suspect. There are all manner of things than can bring it crashing down. Automation--demographic imbalance(too many men)--nuke from North Korea.
(As much as the West frets about North Korean nukes--practically all the major Chinese cities are closer. Can you imagine if North Korea nuked a Chinese city?)
The problem is what will happen as the dinosaur falls. Dinosaurs can take a long time to die and cause a lot of damage while doing so.
China is sitting on a knife edge, I suspect. There are all manner of things than can bring it crashing down. Automation--demographic imbalance(too many men)--nuke from North Korea.
(As much as the West frets about North Korean nukes--practically all the major Chinese cities are closer. Can you imagine if North Korea nuked a Chinese city?)
The problem is what will happen as the dinosaur falls. Dinosaurs can take a long time to die and cause a lot of damage while doing so.
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