this post was submitted on 19 Sep 2026
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Microblog Memes
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China's domestic consumption is very low, their exports are much greater than their imports, i.e. they provide the world with goods without sufficient compensation. Their population should be doing better and being wealthier. Their consumers are using real estate as an investment vehicle creating an enormous housing bubble. Home ownership is ridiculously expensive and there are mostly very small apartments at high rates. They are famous for constructing highly speculative ghost towns.
As soon as the promise of wealth in age starts to falter china may change fundamentally. And it seems like that may be coming soon rather than later.
I’m sorry, I have to say that some of your points sound like decade-old red scare topics:
You’re right when it comes to exports: Dependency is a real challenge and also diplomatically not helpful. But at least the government says to address it. I cannot remember a time that Germany ever acknowledged that their export surplus is harmful?
Instead of predicting its downfall, we should start questioning our own political and economic system in the West. There seems to be much to learn from a socialist market economy like China.