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462 points JumpCrisscross | 1 comments | | HN request time: 0s | source
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haunter ◴[] No.45078660[source]
In the end it's the biggest leopard ate my face moment ever:

China has very high growth momentum that surpasses American living standards soon, and not long before it will surpass American security standards too. China's purchasing power is probably more comfortable than most western countries, with extensive housing and high speed rail and electric cars etc. When a country becomes rich, inevitably other countries ask for their help. That's why China's growth must be curbed, fast > tariff them to their death or so. But I really don't think it will work at all. And personally I don't even think it's a good idea at all to begin with.

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trasirinc ◴[] No.45078792[source]
What numbers are you seeing for the surpassing living standards? Their gpd per capita flatlined in 2024 at $13k. That's with only 80M of their citizens making above $2000/month. The bulk of their citizens make less than $100/month, and there's a declining middle class of around 200M that makes around $800/month. But they have high youth unemployment rate (>40%), there's a massive layoff wave coming in September with the mandatory social security payment from companies, and their recent factory wages have plummeted to $2/hour, barely survivable in first tier cities.

Before everyone jumps in with GDP per capital with PPP, what quality at that low price means is tofu dreg buildings, cancerous food items, waist high flooding every summer in cities, ghost buildings, and unsafe water (recently one of the most prosperous city, Hangzhou, had sewage seeped into the water for weeks, which the local government denied responsibility).

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jennyholzer ◴[] No.45078965[source]
Why are you so well-versed in these anti-Chinese narratives? Your message reads like you're a victim of anti-Chinese propaganda.
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trasirinc ◴[] No.45078986[source]
I'm from China. I know what real numbers and news come out of China.
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1. collingreen ◴[] No.45079290[source]
I'm from the US. I have no idea what numbers or news are real anymore (if I ever did). I'm impressed by either your ability to discern this for China or by your confidence that you can.