I don’t want either of them, but credit where credit is due. China is doing well as a country and the standard of living has increased even if it’s under an authoritarian regime. I wonder how long that will last. Meanwhile, the USA is becoming Russia. Basically a bunch of misinformed morons living in the past and thinking we are on top of the world while we accelerate towards irrelevance on the global stage if not for a massive stockpile of nukes.
Tariffs are drying up international demand for Chinese goods, and in a bid to keep factories alive, Beijing is urging exporters to turn inward. However, that pivot is compounding the very problem it aims to solve.
Deflation isn’t an abstract threat in China anymore—it’s visible across the economy. After barely holding above zero for much of 2023 and 2024, consumer prices have now dropped for two straight months.
Producer prices have fallen for 29 consecutive months. March’s figures showed the sharpest drop in four months, and forecasts point to an even steeper decline in April.
Yes, I’m fully aware that’s starting so low because of horrible governments in the past and that the current government is far from great, but that’s still moving in the right direction at the time the United States is trying to speed run to a Russian-style oligarchy and most people under 50 think it’s getting worse.
It's really odd how many people on hn are pro china. Why? They are not good guys. At all.
In moral terms they are so far behind the West they are in a different team. (and don't throw in disingenous deflections like gaza and whatever, those are orders of magnitude less bad then China) The West is full of freedom and the pursuit of happiness and wealth. China isn't.
Nobody here is pro Russia or Iran, or even particularly pro India. So why is Communist China different?
