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comment by kleinbl00
kleinbl00  ·  811 days ago  ·  link  ·    ·  parent  ·  post: LOL Ukraine

The tricky thing about China and capitalism is they're only pretending to be capitalists. Evergrande like found their last bond payment in the couch cushions or some shit and everyone was all "lol OK let's keep the merry-go-round spinning."

But Xi appears to be more interested in retaining power than escaping the middle income trap so... there will be unwinding I reckon.