• mean_bean279@lemmy.world
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    8 months ago

    Haven’t been paying much attention to their import/export numbers? Their economy is in decline. Their population peaked long ago. They’re no longer a cheap manufacturing hub, and they have a problem with political instability. They did major power on speed run and lost bigly.

    • oce 🐆@jlai.lu
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      7 months ago

      What makes you think their economy is in decline compared to other top economies?

      • mean_bean279@lemmy.world
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        8 months ago

        I can always tell when someone doesn’t understand something explained when they respond with “Cope” or “copium.”

        Look at the actual data we’re getting about China. They don’t even publish their unemployment numbers for ages 24 and under because it’s over 22%. That’s not a country winning.

        • Lols [they/them]
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          7 months ago

          how are their unemployed actually doing?

          and wheres that 22% coming from, what with them not publishing the numbers?

          • mean_bean279@lemmy.world
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            7 months ago

            Check my other comment I just responded to. Basically like every government China doesn’t just track “unemployment.” They track based on many different factors and sectors and age is one of them. 16-24 is a specific bracket that is often benchmarked as signs of positive growth from an economy and is linked to general upward mobility (think back to 08 in the USA when the Great Recession meant incredibly high unemployment rates, but higher rates among young people). So when those numbers aren’t favorable it paints a bleak picture that something in the economy is wrong. So rather than them actually trying to create new jobs and do better they chose to simply get rid of the numbers. The reason they most likely have a high unemployment rate among 16-24 is because those are heavy “factory” or “industrial line” years for workers who get jobs producing things. When you’re economy is contracting though and companies are building new things elsewhere then you have higher youth unemployment as a result. For the numbers check the other comment. It goes into further detail about other areas.

        • DragonTypeWyvern@literature.cafe
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          8 months ago

          I mean, I could just make numbers up too, but I don’t need to, I just need to laugh at anyone that thinks America is doing great because the numbers kept going up after a policy of deliberate inflation.

          Also, just a general “lmao” at the idea that you “explained” anything. Regurgitated a snippet you heard someone else say, maybe.

          • mean_bean279@lemmy.world
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            7 months ago

            You can’t really explain anything on something as broad as a country’s position of global power. Me saying China isn’t doing well isn’t based off some small snippet of information I heard somewhere or the illusion of what our media is doing. It’s based off raw numbers of their own government, or removal of said number when they aren’t good enough. I don’t have anything against the people of China nor their country really. I’m just objectively saying what the numbers and direction of everything is showing. When you have policies like 1 child that stay in place for generations you run risks of going to long and creating a new social norm of no new population. When you do things like zero covid for three years randomly shutting down whole regions and ports you risk creating an economy that falls due to businesses looking elsewhere to work and build things. There’s things that add up to paint a bad picture. I wish them all well and want them to be successful.

            here’s youth unemployment from China. China has been growing imports and shrinking exports massively. Lastly here’s an article talking about people even on Chinas own social media saying their government did a quick 180 on the stance of the US when China suddenly wanted to “work together” as they keep posting low numbers Link.

            On political instability: here’s two high ranking party members with positions that were at the top who suddenly disappeared or were fired. Like a foreign minister who disappeared and wasn’t heard from for some time. Or the general who also disappeared from public the eye and was replaced. Alone as singular events these mean nothing, but add up that high ranking officials have been disappearing or fired suddenly over the last several months at a rate higher than expected and you have political instability.

            Anyways, all this to say “lmao” I guess.

            • DragonTypeWyvern@literature.cafe
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              7 months ago

              What an excellent demonstration of both Dunning-Kruger and how easy it is to trick morons with contextless statistics.

              In other words, indeed, you guessed it

              Lmao

              If you’d like a better view of things on the youth employment, for example:

              https://www.project-syndicate.org/commentary/china-youth-unemployment-not-so-bad-by-nancy-qian-1-2023-09

              Fun Fact: America wouldn’t even count many of them as unemployed. People that aren’t looking for work aren’t counted.

              COVID hit the world economy like a brick to the head, anyone pretending China’s about to collapse because their export ratio is less positive than it was before while living in a net import nation is just a moron in general.

              • mean_bean279@lemmy.world
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                7 months ago

                Who the fuck is saying China is collapsing? Economic issues, crisis of government, political instability, and unemployment are all things many countries face. I’m saying China doesn’t win if we “collapse” because of a failure of our US government because China too is in a bad situation economically and politically. It’s why Xi is over in the states trying to build back buy-in to Chinas economy.

                If you had been paying attention since the early 2000s you’d have heard nothing but how China has had historic growth, had the largest population ever brought out of poverty and built massive cities in record time. There’s a lot for the people of China to be proud of. There government and there economy on the other hand isn’t built, and is an unknown on how it handles this massive dip in the economy. It could be that it’s a Great Depression for them, but the numbers seem to suggest something more and with manufacturing leaving China rapidly it’s becoming increasingly likely to be a long term problem for them to face.

                China has been doing well my whole life up until Covid. That was 3, almost 4, years ago and hasn’t been able to recover since.