Sounds like China is going to try to bail out its economy just like a western, capitalist country would to do, by infusing new money that's borrowed into existence. This often appears to work, at least for a while, but in the end, all it does is kick the can down the road, and the can gets bigger and heavier every time this is done. At some point, it will become so heavy that trying to kick it again results in a broken foot.
There's actually an interesting parallel here with Zero Covid. That too can appear to work, for a while, if done aggressively enough, but it also just delays the inevitable.
Again, China is something to be admired according to the AOCs & Bernies of the gov’t. But look at what hardcore communism gets you: nothing. And just like that, even Xi realizes that he needs to take the reins off.
Sounds like China is going to try to bail out its economy just like a western, capitalist country would to do, by infusing new money that's borrowed into existence. This often appears to work, at least for a while, but in the end, all it does is kick the can down the road, and the can gets bigger and heavier every time this is done. At some point, it will become so heavy that trying to kick it again results in a broken foot.
There's actually an interesting parallel here with Zero Covid. That too can appear to work, for a while, if done aggressively enough, but it also just delays the inevitable.
Again, China is something to be admired according to the AOCs & Bernies of the gov’t. But look at what hardcore communism gets you: nothing. And just like that, even Xi realizes that he needs to take the reins off.
The emperor has no clothes?
Which reminds me, Putin didn't look bad shirtless on the horse. I doubt Xi could "pull it off," so to speak. Maybe if he rented a Clydesdale?