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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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XorNot ◴[] No.45079446[source]
"Growth momentum" isn't a thing, and more over China's growth is slowing. This would be wholly expected under normal circumstances because it's no longer a developing economy, it's a developed economy - the absurd GDP growth rates it had are won off the fact that industrialization is an enormous, enormous change in productivity but you only get to do it once.
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1. frikskit ◴[] No.45088433[source]
So industrialization is a binary bit? You just “do” it and it’s over? Not a very convincing take imo.

Industrialization, like deindustrialization, is a continuous process. Every industry suffers from depreciation and decay which means that pace of industrialization per unit time matters.