this post was submitted on 14 Oct 2023
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China really pulled off a soft landing tbh
Somehow consumer demand is rising again despite the liquidity crunch
The growth rate is still lower than the pre-COVID years...
It's a soft landing, not a soft takeoff
China had like 33% growth in exports in a single year during the pandemic. They had to normalize eventually.
Is that really weird? We live in a world of weakened impulse control. People consume to fill the void inside of them.