• zerfuffle@lemmy.ml
    link
    fedilink
    arrow-up
    8
    arrow-down
    1
    ·
    1 year ago

    China really pulled off a soft landing tbh

    Somehow consumer demand is rising again despite the liquidity crunch

    • taanegl@beehaw.org
      link
      fedilink
      arrow-up
      2
      arrow-down
      1
      ·
      1 year ago

      Is that really weird? We live in a world of weakened impulse control. People consume to fill the void inside of them.

      • zerfuffle@lemmy.ml
        link
        fedilink
        arrow-up
        3
        arrow-down
        1
        ·
        1 year ago

        It’s a soft landing, not a soft takeoff

        China had like 33% growth in exports in a single year during the pandemic. They had to normalize eventually.