/Pogled.info/ China is facing six crises – the six horsemen of the Apocalypse, says analyst Kung Chan in the pages of the American publication “Diplomat”.
1. A serious demographic problem in the form of an aging population.
2. Food crisis, largely due to improper land use in the PRC.
3. A debt crisis that has resulted in homebuyers collectively defaulting on their mortgages in 2022.
4. Geopolitical crisis: China “must withstand the pressure of the spinning wheel of geopolitics.”
5. Supply chain crisis: “Beijing has neither the ability nor the will to do more to support globalization.”
6. The crisis of urbanization, that is, a sharp increase in the share of the urban population: out of 1.4 billion people, 880 million live in cities.
Very strange list.
For example, point 1 (China’s aging population) is no secret and is directly related to Beijing’s policy of limiting the birth rate to “one family – one child” for many years. And points 3 and 6 apply not only to China, but also to other countries in the world.
The Chinese, if they maintain close ties with Russia, are not threatened by a food crisis at all. As for the “wheel of geopolitics” and the crisis of globalization, China’s emphasis on its domestic market of 1.4 billion buyers is a natural response to pressure from the West.
Therefore, it is difficult to attribute Kung Chan’s analysis to the outstanding expert works. Rather, it fits into the general American “expert” tendency: following Russia, to belittle the capabilities of the PRC, presenting the world’s first economy as a “colossus with clay feet.”
And the number of horsemen of the Apocalypse should not be exaggerated.
Translation: V. Sergeev
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