China is like the Soviets2.0, one moment everything is fine the other the whole hose is in fire
Very few people know this. The only reason their gdp is high is because western nations decided to set up their factories there. Its not because the ccp was smart or the Chinese ppl did anything special. Now that the wage has increased, European, American, S Korean, Japanese companies are moving their factories to India, Vietnam, Mexico, Indonesia. China tried to become like Japan or South Korea where they make their own products like Hwawei but recent nano chip blockade to those companies by Trump has shown that their technology is at least 10 years behind that of the US, S Korea, Japan, etc. And their gdp numbers are highly inflated by artificial overspending usually in the form of real estate hence so many ghost cities in China and crisis such as Evergrande. People who dont know the truth keep touting that China will be the next super power... please give me a break. Whats more likely to happen is that China will break into many countries in the near future. Its not sustainable.