this post was submitted on 30 Mar 2026
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Why Goldman Sachs says China's economy is better than the US in handling oil shock (au.finance.yahoo.com)
submitted 22 hours ago by yogthos@lemmy.ml to c/economics@lemmy.ml
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[โ€“] ShinkanTrain@lemmy.ml 1 points 17 hours ago (1 children)

Is the answer "because it is"?

[โ€“] yogthos@lemmy.ml 2 points 17 hours ago

More specifically because China is a planned economy with a competent government in charge. They saw this looming decades away, made plans to insulate themselves, and put them into action.