Early 2016, I published part 1 and part 2 of this blog. I’m surprised that the Chinese implosion is nearer than I had expected. Usually, such a development takes decades. I suppose China’s swift transformation from pragmatism to ideology is accountable and responsible for the acceleration of its implosion.
The reasons for my current expectation are as follows:
Related to Chinese political choices:
- Demographic crisis due to its 1-child policy
- Crackdown on Islam (eg, Uyghur camps)
- Crackdown on Chinese Big Tech sector
- Crackdown on Hong Kong (eg, expat exit)
- Dismantling 2-term limit for President
- Increasing hostility towards Taiwan
Related to its Business and Banking sector:
- Pollution in China
- China’s real estate crisis
- China’s regional banking crisis
- China’s electricity blackouts
- Youth unemployment due to Big Tech crackdown
- Zero-Covid policy (eg, foreign company exits)
Each time, I find additional reasons for my lists above. An exhaustive list is almost impossible. China seems like an example of Murphy’s Law: Anything that can go wrong, will go wrong.
In my 9 September 2021 blog (China: political crackdown on technology = slowdown of economy?), I predicted that the various items on the above lists must have an economic & financial impact (eg, GDP). It took several months to show but China can no longer hide the impact on its “growth“.
The Chinese weakening has coincided with an increase in its hostility. Hence, my 8 October 2021 blog China: appear strong when you are weak. My title was borrowed from Chinese military strategist Sun Tzu (544 BC – 496 BC): “Appear weak when you are strong, and strong when you are weak.
China must know the above and is doing (very) well in saving face (eg, China-Mike, NYT-2010, Teaching Nomad, Wiki). This (Asian) attitude will (probably) make the Chinese implosion Loud and Heavy.
Loud and Heavy (2015) by Cody Jinks
artist, lyrics, video, Wiki-artist, Wiki-album
Loud thunder heavy rain
Thin line between joy and pain
It’s a long strange trip it’s all insane
You ain’t never gonna be the same
Living life through the night
Thin line of a lightning strike
Sometimes the only light
When the moon is tucked away
Note: all markings (bold, italic, underlining) by LO unless in quotes or stated otherwise.
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