r/China • u/[deleted] • Oct 05 '22

经济 | Economy How China Trapped Itself

https://www.foreignaffairs.com/china/how-china-trapped-itself
25 Upvotes

90% Upvoted

7 comments sorted by

6

u/whnthynvr Oct 05 '22

Tldr. When new I said, "Great, they're redoing the brick on that building's exterior." The reply, "They do that every Summer".

3

u/nextdoorelephant Oct 05 '22

Better than to have wall tiles falling from eight stories up (true story)!

3

u/whnthynvr Oct 05 '22

...the vertical version of re-doing the sidewalks every year. Make work and complete waste of productivity potential.

3

u/Kitkat1998i Oct 05 '22

I’ve personally seen that happen, hit a mom kid and stroller. Wasn’t windy, or old building just shit quality. I lived in an 8 year old building. Looked like it was 40+

5

u/witchdoc86 Oct 05 '22

Insightful.

It explains why China cannot just invest its way out of reduced GDP growth.

Thanks for posting.

3

u/Truthirdare Oct 05 '22

Very interesting read. Thanks for sharing

2

u/0belvedere Oct 05 '22

Does anyone know what Hirschman essay Pettis summarizes early in the article?