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China was briefly an observer state to Warsaw Pact and then pretty quickly completely withdrew.

After sino-sovet split in the early 60s Sino-soviet relations did not really normalize until Gorbachev.

The real estate market doesn’t account for 30% of the economy. Though I suppose there’s a bunch of way to measure “the economy”.

There is pent up demand for housing yet property marketing is dropping. Actually it may have bottomed out but who knows. Beijing wants to correct it and that’s what’s been happening.

I have property in tier 1 and tier 2, it dropped to pre covid levels. I wasn’t doing property for quick flips but I definitely noticed it.

The scars of covid are everywhere in China just like most countries. its going to take a while for it to recover. just like everywhere else.

China collapse remains a click bait dream for the time being if you ask me.

my mum bought me a vic-20. it was beat up and didn’t have a tape deck.

I had type my games in from a magazine in basic for a summer, I was hooked.

My uncle gave me a photocopy of a book about assembly for c64 and showed me intros on his c128. He had no idea about programming, he just figured I’d be into it. I worked my heart out to get the cash together for a c64 AND a disk drive.

when measuring centuries a bit of give and take is fine.

It was after all a protracted team effort of subjugation and well, by today’s standards, genocide.

Most nations would be a bit butt hurt about it or at the very least work to prevent it from happening again.

China opened up long before the soviet union collapsed. that’s just wrong.

like 20 years wrong. You really need to do some reading chief.

it’s a thing and kind of rough

https://en.m.wikipedia.org/wiki/Century_of_humiliation

Common sense would dictate that we look into the cause of the pandemic. But I totally get the fear of the pointless propaganda war that would have probably come out of it.

It’s beyond belief at this point how much the western press will bend any story about China into China bad.

maybe 40 years ago. but 20 years ago was 2003. China was not like India or Africa is now.

There’s a very simple way to measure the migration of manufacturing out of China.

get a list of the top ten cargo ports in the world. count how many are mainland China?

7 or 8 right?

okay let’s go down the list until we get Vietnam or India or someplace where’d you’d expect the manufacturing to go to.

aight… now compare all the cargo capacity for that entire country to one of the eight ports in China? tell you what, let’s include India, and Rotterdam, and LA… just add them all together. How many of 8 does it take to keep up with that 2 or 3 ?

so, cargo shipping capacity… big difference right? day light.

Vietnam wants to make iPhones. you gotta ship 110% of the various bits into Vietnam and then ship out 99% of the finished goods.

all those ports come with piles and piles of back end infrastructure. roads. trucking. rail. skilled workers…

there are infinite alternatives to China. but it will take 40 years to develop any of them to that level.

The former Chinese government (now kmt in taiwan) took a loan like 80 years ago. after the war, the PRC and the USA both just kinda assumed China wasn’t ever going to pay.

For a while there USA maintained that the KMT was the government in exile, but with normalization with the PRC, that all kinda got swept under the carpet.

The US debt held by China today, is the same as other countries are holding. People need to believe this will be one day repaid and profitable.