87
submitted 3 months ago by yogthos@lemmy.ml to c/news@hexbear.net
you are viewing a single comment's thread
view the rest of the comments
[-] Maoo@hexbear.net 5 points 3 months ago

The growth rates are a strange entity to begin with. Mainstream Chinese economists expect that China's growth will slow down eventually as their overall GDP rises, analogous to other high-GDP countries. This usually goes hand-in-hand with stressing the need for a transition to more domestic markets and balanced production (i.e. less focused on export and building productive forces at the expense of domestic workers).

At the same time, since GDP just measures "the sum of all the crap sold" and because the commanding heights of China's economy are controlled by the CPC, it is possible for it to have a somewhat different trajectory than the other high-GDP countries, as all of those other countries are also the imperialist order, they structure their economies around extraction from the global south (a small number have been propped up by empire as bases for attack, e.g. occupied Korea).

Basically... China will be in somewhat new territory in its attempt to build a high-GDP economy with a balanced productive sector not dependent on massively unequal exchange. As others (maybe you?) correctly note, the USSR was on this trajectory, albeit at breakneck speed and with less overall productive development than China - and without the interdependence that Dengist strategies created.

The basic question will be whether China can keep making more and larger amounts of things and services that are sold somewhere. Part of this will be what prices they can charge, and whether they can be higher prices than now, and this will depend on domestic consumption and pay as well as the dynamics of exports, especially whether other countries can similarly develop productive forces or if they'll just go the more likely direction of being neocolonies that make simpler products and with less concentrated industry.

Personally... I have no idea. I just think it's new territory.

this post was submitted on 04 Apr 2024
87 points (100.0% liked)

news

23265 readers
776 users here now

Welcome to c/news! Please read the Hexbear Code of Conduct and remember... we're all comrades here.

Rules:

-- PLEASE KEEP POST TITLES INFORMATIVE --

-- Overly editorialized titles, particularly if they link to opinion pieces, may get your post removed. --

-- All posts must include a link to their source. Screenshots are fine IF you include the link in the post body. --

-- If you are citing a twitter post as news please include not just the twitter.com in your links but also nitter.net (or another Nitter instance). There is also a Firefox extension that can redirect Twitter links to a Nitter instance: https://addons.mozilla.org/en-US/firefox/addon/libredirect/ or archive them as you would any other reactionary source using e.g. https://archive.today . Twitter screenshots still need to be sourced or they will be removed --

-- Mass tagging comm moderators across multiple posts like a broken markov chain bot will result in a comm ban--

-- Repeated consecutive posting of reactionary sources, fake news, misleading / outdated news, false alarms over ghoul deaths, and/or shitposts will result in a comm ban.--

-- Neglecting to use content warnings or NSFW when dealing with disturbing content will be removed until in compliance. Users who are consecutively reported due to failing to use content warnings or NSFW tags when commenting on or posting disturbing content will result in the user being banned. --

-- Using April 1st as an excuse to post fake headlines, like the resurrection of Kissinger while he is still fortunately dead, will result in the poster being thrown in the gamer gulag and be sentenced to play and beat trashy mobile games like 'Raid: Shadow Legends' in order to be rehabilitated back into general society. --

founded 4 years ago
MODERATORS