Deutsche Bank forecasts that China’s economy will grow about 4.5% in 2026.
Western media headline:
China’s economic growth slows by 50%!
Just a normal result of development. Going from 10% to 5% in a growing economic system like China is entirely normal and expected. But it is refreshing to not see a click bait headline for these numbers for once.
Edit: for those wondering. Imagine a country with no electrical grid produces a major grid in a year. This would undoubtedly increase economic growth substantially in that year. So the next year would look to be significantly worse by comparison in terms of the rate of growth. That is essentially what I’m talking about.
You should always be skeptical of headlines that refer to the rate of change in something. It would be like looking at a high speed train and saying “the rate of speed has not increased in the last 30 minutes!” all while traveling at a constant speed of 300 kmph that entire time.
Western values are capitalism based. So they look at rate of growth. It’s not enough for a company to make billions every year, they need to increase how many billions they make. Its why the AI bubble will fail. Its not enough for investors to make back their investment plus some, they need to make multiples back on their investments because their investments are leveraged.
Capitalism is unsustainable and basically seems like a social mental disorder to me.
