this post was submitted on 14 Oct 2023
25 points (96.3% liked)

World News

39004 readers
2752 users here now

A community for discussing events around the World

Rules:

Similarly, if you see posts along these lines, do not engage. Report them, block them, and live a happier life than they do. We see too many slapfights that boil down to "Mom! He's bugging me!" and "I'm not touching you!" Going forward, slapfights will result in removed comments and temp bans to cool off.

We ask that the users report any comment or post that violate the rules, to use critical thinking when reading, posting or commenting. Users that post off-topic spam, advocate violence, have multiple comments or posts removed, weaponize reports or violate the code of conduct will be banned.

All posts and comments will be reviewed on a case-by-case basis. This means that some content that violates the rules may be allowed, while other content that does not violate the rules may be removed. The moderators retain the right to remove any content and ban users.


Lemmy World Partners

News !news@lemmy.world

Politics !politics@lemmy.world

World Politics !globalpolitics@lemmy.world


Recommendations

For Firefox users, there is media bias / propaganda / fact check plugin.

https://addons.mozilla.org/en-US/firefox/addon/media-bias-fact-check/

founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
[–] farcaster@lemmy.world 11 points 1 year ago (1 children)

Yeah I'm no economist but "Japanification" has always seemed like a likely outcome for China. Every so-called emerging economy eventually finishes its rapid growth phase, and then they'll be faced with slower or no growth, a shrinking population, and competition with cheaper countries with lower living standards.

It doesn't truly seem like such a bad thing to me, I mean the Japanese seems to be doing alright, but in terms of economic development it's a big downer.

[–] munter@feddit.de 5 points 1 year ago* (last edited 1 year ago)

China has risen way less in terms of GDP per capita, even using power purchasing parity estimates. Japan is at 52k $, China only at 23k (Wikipedia).

I cannot ultimately judge this but the common wisdom about the Chinese social contract seems to be that the citizens get comparatively high economic security for comparatively low civil liberties. And while China's pro-poor growth has certainly been more than impressive historically, I am not sure that the comparatively still low incomes especially in the inner parts of China are sufficient to maintain this social contract if growth does really slow down significantly.

Edit: I agree in general though that the state of Japan is probably not be as bad as it is made out to be in the article.