> China is no longer the "world's factory". It will stagnate for 10+ years, similar to Japan's lost decades, but with worser birth rate than Japan today.
idk, Japan seems like it thought the party would go on forever, whereas China does seem to have clear eyes with it comes to world politics (eg. long-term investment in the rest of Asia and Africa).
> We've never seen a large portion (25%+) of a large modern economy vanish in a span of a few years.
Do you recall NAFTA? or the quick rise of China not long after? These are still studied as huge exogenous economic shocks in business schools!
idk, Japan seems like it thought the party would go on forever, whereas China does seem to have clear eyes with it comes to world politics (eg. long-term investment in the rest of Asia and Africa).
> We've never seen a large portion (25%+) of a large modern economy vanish in a span of a few years.
Do you recall NAFTA? or the quick rise of China not long after? These are still studied as huge exogenous economic shocks in business schools!