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Reply to "Can a China expert explain why xi didn’t let covid burn through the population? "
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]people dying at such large number would be catastrophic for the existence of CCP and Xi. Now, its a double whammy - don't want to return to normalcy but also can't push the economy either. In addition, Xi don't want to use western vaccines due to ego. I believe this will be create the downfall for Xi [/quote] I think if economic growth sticks at 3% that’s way worse for cCP than having a few million oldies die [/quote] The real growth would be less much less than 3% or could be negative. China depreciated yuan to boost exports and are giving loans like candies but no takers. In addition, anything that has to do with RE is either stuck or waiting to dump their assets. This could be the beginning of long term significant debt cycle for China. Currently, they have to spend $8 to create $1 of GDP. [/quote]
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