Monday, May 27, 2024

Export numbers in China do not support overcapacity narrative: Hinrich Foundation

 https://youtu.be/ww3Ap-_n7WU?si=rEGbW_qZjpOtcP97

*let me get this straight: western politicians complain of overcapacity of China as if they are asking for their own domestic population to work more? While there is a push to outsource or friend-shoring capacity AND wanting low unemployment to win elections? Sounds like western politicians are delusional about what catch-22 they are willing to support.

The reality is they are protecting something more vicious than higher unemployment. 

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