Quote from: panganib999 on February 24, 2024, 11:32:57 PM

Quote from: DrBeer on January 26, 2024, 11:52:52 AM

It's no secret that after the Kovid pandemic, China's economy has been hit pretty hard. Further problems were a continuation of the economic confrontation with the U.S., which was not a smart move on China's part, as overestimating its strength is the biggest mistake.
Then there was (and now the problem continues) Evergrande and in general the real estate market and related sectors of the economy....

And the day before yesterday the news came out: China is considering the option of withdrawing 2 trillion yuan ($278 billion) from offshore accounts of state-owned companies to save the record falling stock market. Bloomberg writes about it.
According to people familiar with the matter, Chinese authorities are considering a package of measures to stabilize the falling stock market after previous attempts to restore investor confidence failed and prompted Prime Minister Li Keqiang to call for "forceful" steps.

On the one hand, it seems to be the world's second economy, "the world's factory", nominally "the second pole of the bipolar world", on the other hand, it is no longer possible to hide the problems and it is necessary to take such measures. The question is: since the situation with the Chinese economy is no longer manageable, and we have to take tough and prompt actions to save the economy - how do you think this will affect the global economy, the crypto market, and what to prepare for?

I don't think we should really prepare for anything other than an exodus of wealthy Chinese Citizens moving to different parts of the western world to save the worth of their assets from depreciating. Why? Because China's economy's become so excluded that when things like this happens the only ones that are really at a loss is them and nothing else. Retailers could pretty much just look for someplace else when choosing another country that would mass produce their products, builders would look in the Middle East particularly in Saudi Arabia as well as the UAE for more opportunities as China's real estate market collapses under its own weight. We shouldn't really be worried about much at this point in my opinion. I mean, they had it coming in the first place, and I don't really see anything to be prepared for.

China has done business in every corner of the world than with US and more countries trade with China than with US. Any country that doesn't trade with China is just isolating itself from the world. If you take a look at the economy of EU and US and compare it to China, you can see which one has the advantage. And this is why African countries are relying more on China's business and the Belt and Road.

It's not working because even the Russian economy is growing which is far more isolated than China. So convincing the world to decouple with China is impossible.