this post was submitted on 28 Aug 2023
1 points (100.0% liked)

World News

32347 readers
577 users here now

News from around the world!

Rules:

founded 5 years ago
MODERATORS
top 7 comments
sorted by: hot top controversial new old
[–] ShimmeringKoi@hexbear.net 1 points 1 year ago

Lucy-football-dotjpeg

[–] Tankiedesantski@hexbear.net 1 points 1 year ago

Ahh yes, China is going to collapse with its measly 5.2% growth despite global economic malaise.

[–] HobbitFoot@thelemmy.club 1 points 1 year ago

No, but the country is going to go through a lot of economic pain.

[–] Antiwork@hexbear.net 1 points 1 year ago

Xi is shitting his pants right now

[–] zephyreks@programming.dev 1 points 1 year ago

China bet hard on developing countries because the developed world isn't growing at a rate that can keep up with China's economic growth targets. In fact, we're very quickly running towards the crossover point for Chinese trade dependence on the West vs. on the rest of the world.

Also, a big chunk of Chinese exports to the West is in computers and consumer electronics... Markets which have seen a huge slowdown due to commoditization and aggressive political lobbying from the US.

[–] EnderWi99in@kbin.social 1 points 1 year ago

No, but it's going to take a pretty good ding to eat that Evergrande turd.

[–] macabrett@hexbear.net 1 points 1 year ago

it's the year of the ~~linux desktop~~ chinese collapse