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War in Ukraine Has China Cashing In
(www.nytimes.com)
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this post was submitted on 21 Dec 2023
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It is strange, also according to the IMF forecasts GDP growth this and next year.
It's looking like no one really knows - seeing mixed signals in the recent reporting. They are reporting higher GDP but the concern seems to be projected inflation increases and a possible housing bubble.
When diving into the reporting, I found some interesting nuggets referring to Putin directing his interior ministers toward manual economic controls since 2014. The thought is in mitigating crises (Crimea and now Ukraine). From looking at China, manual controls seem to work in the short term before mistakes set in long term. Curious to see how much longer Russia can hold out.