Futurology

Aight gordon chang, china is on the verge of collapse!

Why should i be sad for foreign bondholders losing their investments? they've should've known better than having their savings on risky endeavors. This is explicitly the investors fault and the businesses fault, not the CPC, why should the CPC refund foreign investors with taxpayers money? It's great that the bubble popped and the gov didn't save investors, a clear example that in China you just can't fail upwards like in the US, foreign investors can cry crocodile tears all they want they ain't getting a penny. I can tell you parrot mainstream media coverage on this because of your uncritical support for investors.

And now we have a crisis in the manufacturing sector, workers are being laid off and those left employed are seeing their wages cut if they get paid at all.

Wait, you're blaming the "crisis in manufacturing" on China when it is the US the one causing a global trade war? Also, businesses going out of business is not automatically bad, it's fairly common everywhere. Inefficient businesses go out of business, it's as simple as that. Should the CPC be rescuing these businesses so westerners feel good about it?

And as a matter of fact, i speak with regular working class Chinese people that live on China on a weekly basis, most don't even care about the goverment, in my experience 90% of their talk is about doing business, the rest is about food, meanwhile westerners think the average chinese is fettered doing farm work lmao.