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If it looks bad despite CCP support and censorship... The lack of freedom of speech and social trust in China are clear signs of that the empire has passed best-before-date (I just watched Principles for Dealing with the Changing World Order by Ray Dalio).

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China has never enjoyed freedom of speech, and trust issues have been an economic millstone around Beijing’s neck--one reason China’s domestic consumer markets have lagged is because Chinese producers have historically preferred American law and American courts over their own; thus, there is a preference for export over domestic markets. Like so much of China’s command economy, Beijing has to coerce economic shifts that are organic and evolutionary in western economies.

And time and again we see the limits of Beijing’s power: their stock market indices are all significantly down on the year, indicating growing negative investor sentiment even among domestic investors.

https://www.google.com/finance/quote/399106:SHE?comparison=SHA%3A000001%2CINDEXHANGSENG%3AHSI&window=YTD

China’s got big problems.

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