The Sixth Collapse of China

De: Marcus Cubana

Narrado por: Virtual Voice

Duración: 46 m

Resumen del Editor

China is the economic story of our time, but upon deeper investigation, it's easy to see that throughout its history for the past two millennia, it has backstopped all economic expansion globally to date. It's not a secret that the Chinese are a high-context, ethnocentric culture that is comprised of the largest ethnic population in the world, the Han, who make up 90% of its 1.5 billion citizens. The Belt and Road Initiative and the Regional Comprehensive Economic Partnership have made headlines over the past decade as China seeks to expand its trade influence into traditionally hostile and shunned territories in a gamble that may or may not pay off. A deeper look into China's history shows that China is concerned with money and the growth of their nation and the hegemony as seen by other nations, specifically, Western nations, isn't in the cards for China. The sixth historical collapse of China's domination of the global economy is all but imminent, and it will take the form that it has always had in Chinese history, i.e., from within. The Japanification of China is imminent as 50% of their population will be of retirement age within a decade, and they will experience hyperinflation in conjunction with being an export economy, just like Japan, from 2030 onwards. Comparing the US and the EU to China is futile as they are completely different economically, politically, and socially, so one shouldn't do it. The reality is that the best way to play the China card is to let the nation expand, bet as it will, and prevent any mishaps that could ruin the planet. The Chinese are generally non-aggressive people for foreigners, and they have no intention of competing with nations in an arms race as it's viewed as a waste of money. When thinking about China, one can't think as a Westerner or economist. Fairtrade doesn't exist as everything is open source in the nation, so if you hope to corner the Chinese market, you better be offering a product that is needed in China, can't be produced in China, can't be replicated in China, and can't be outsourced elsewhere. The smart play with the Chinese Communist Party is to borrow as much money as possible, pay some of it back, and ride the wave of economic growth until there is an internal collapse. China is China, and they aren't changing. So, reap the rewards, and forget about the losses! China will collapse again, but history has shown that it will rise again as well. Therefore, China has to be taken at face value as it has no interest in building a traditional world power; it's better to think of the nation as an angel investor who wants to remain anonymous and has a high-risk tolerance. Let the money flow!

“Keep your friends close; keep your enemies closer.” -Sun Tzu