Foreign Affairs

TexasTowelie

(120,799 posts) Fri Oct 11, 2024, 09:06 AM Oct 2024

China Staring Into Economic Abyss; Taiwan Tensions; Australia Lobsters - China Update

00:00 Introduction
00:12 Chinese Economy: Wage Deflation & Cyclical vs Structural
05:12 Australia-China: Lobsters
07:16 Taiwan Tensions: Lai Speech

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China Staring Into Economic Abyss; Taiwan Tensions; Australia Lobsters - China Update (Original Post) TexasTowelie Oct 2024 OP

China has some DEEP holes to fill, and I don't think they have the shovels. BobTheSubgenius Oct 2024 #1

BobTheSubgenius

(12,000 posts)

1. China has some DEEP holes to fill, and I don't think they have the shovels.

Reply to TexasTowelie (Original post)

Sat Oct 12, 2024, 12:13 PM

Oct 2024

In one article I read about their economic woes, one of the big issues is no longer being competitive in the world labour market. Their wages have gone up by a factor of 14 in the last 30 years.

While pulling down $300K or more every year sounds great, I'm sure it would come with $75 loaves of bread, etc..

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Foreign Affairs

TexasTowelie

China Staring Into Economic Abyss; Taiwan Tensions; Australia Lobsters - China Update

BobTheSubgenius

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