If you look at the Chinese social media you can see their entire economy was propped up by exports using near slave labors, and now the export is being cut off by the US and eventually Europe, the factories are shutting down, workers losing their jobs, the surrounding businesses also losing their jobs and the Chinese government can't/won't do anything to help because the profits made during the last 30 years were used to fund the military, tofu dreg infrastructures, unfinished real estate developments, infrastructure loans to 3rd world countries and government embezzlement. The ccp government did nothing to develop a sustainable economy.
"... because the profits made during the last 30 years were used to fund the military, tofu dreg infrastructures, unfinished real estate developments, infrastructure loans to 3rd world countries ..."
"Its always been the same story for all of these communist regimes. They spend great amounts of money into projecting an image of power, stability, and wealth. So from 1949 onwards, not just from the moment that good old chairman died in '76, but from the very beginning they poured vast resources in building up cities, nice beautiful buildings, highways, eliminating all the dirt — including people who don't belong in these cities — round them up, get rid of them. That image, unfortunately, is not the only aspect that you will find in China." ~ Frank Dikötter
If you look at the Chinese social media you can see their entire economy was propped up by exports using near slave labors, and now the export is being cut off by the US and eventually Europe, the factories are shutting down, workers losing their jobs, the surrounding businesses also losing their jobs and the Chinese government can't/won't do anything to help because the profits made during the last 30 years were used to fund the military, tofu dreg infrastructures, unfinished real estate developments, infrastructure loans to 3rd world countries and government embezzlement. The ccp government did nothing to develop a sustainable economy.
I'm not sure if we should be casting stones, given the state of our own ability to manufacture physical goods for ourselves.
And the unpaid workers are setting those factories on fire! 🔥