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Comment by Grakel | Hacker News Reader

So they're making lots of dollars off of crap on Amazon. Most cheap labor has been outsourced from China by now and they didn't turn the trick: building a self sufficient growth engine while they had the fuel.

China peaked about two years ago. Today sharp left policy shifts are signaling a quick erosion of their economic integrity, which will turn out to have been very brief between the prosperity brought on by what's mentioned in the article and the coming collapse due to a lack of fundamentals built into the society.

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I presume you haven't been to China in the last decade or so, since they most certainly did "turn the trick". Consumption as a percentage of GDP exceeded 50% back in 2009 and has been slowly by steadily growing ever since, and an increasingly large portion of the Chinese economy has nothing to do with exports.

I do agree that the decades of steady 10+% growth are over, largely thanks to demographics/aging, but a Japan-style stagnation seems more likely than an outright collapse, unless Xi does some really catastrophic miscalculation that triggers WW3.

Sharp left policy shifts like?

https://mindmatters.ai/2021/10/xi-jinpings-march-toward-comm...

The link specifically cites policies meant to allow limited capitalism while communism matures. Is the “sharp left” part claims that it’s “limited”?

Winnie the Pooh

Oh bother

>China peaked about two years ago.

You can't make this shit up.

For real, I just read reports where they launched 3 Navy ships in a single day.

The US did this back in WW2 in 1942. They claimed they built an entire Liberty ship in only 4 days.

It wasn’t true (in the sense of a sustainable rate), but it makes for good appearances and propaganda.

https://en.m.wikipedia.org/wiki/SS_Robert_E._Peary

While the Peary was built in 4 days as a publicity stunt, by 1943, the US was building Liberty ships in about a month (depending on the exact shipyard) from keel to launch.

It should be noted that one of the surviving Liberty ships today, the SS John W Brown, was the third Liberty ship launch of its day... at Baltimore alone, not counting the other shipyards also producing Liberty ships. Which should give you an idea of the sheer scale of Liberty ship production (it's the largest ship class ever built).

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