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China Reports Retail Sales Disaster. Investment Decline Deepens
The Chinese economy put up an especially lackluster showing in November, according to data released
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What do you think the end result of this is? Is it just more Japanification with competitive export-focussed companies in areas like cars and electronics, and a bunch of zombie companies running outdated assets that they can’t afford to replace? Or is that a lazy comparison?
My favorite comparison of China vs. US GDP is this:
China’s GDP per capita is $14,000. The USA GDP per capita is $68,000.
Kind of says it all.