View Single Post
Old 07-06-2020, 09:35 AM   #37
GirlySports
NOT breaking news
 
GirlySports's Avatar
 
Join Date: Jan 2007
Location: Calgary
Exp:
Default

I'm more interested in what happens to the average Chinese citizen when there is no longer economic improvement. China can't realistically have +7% GDP growth every year and workers always getting raises. Over time, that bubble has to burst and there needs to be layoffs, what happens then? Or do they just lie and say it's +7% no matter what?


Also I think the measuring the middle class in China is inaccurate. The bottom limit is $3000 per year, that's only $10 a day, and cost of living in China is not getting any cheaper.
__________________
Watching the Oilers defend is like watching fire engines frantically rushing to the wrong fire

GirlySports is offline   Reply With Quote