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Foreign Affairs

TexasTowelie

(116,744 posts) Fri Oct 11, 2024, 08:06 AM Oct 11

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 11 OP

China has some DEEP holes to fill, and I don't think they have the shovels. BobTheSubgenius Oct 12 #1

BobTheSubgenius

(11,789 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, 11:13 AM

Oct 12

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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