Given the imminent (<10 years) collapse of Xi's China, it's unsurprising that they top the charts in people with means fleeing. We'll be discussing/dealing with the ripples of that for decades. It is sad that so many lives will be lost in the famine that results.
It doesn't collapse until it does, and then it becomes really obvious. Nations can last for a long time as long as whatever keep them afloat are still available.
The main reason often cited for China’s downfall is demographic collapse.
They have too many old people and not enough young people.
It’s potentially possible that automation can solve this problem but China’s economy has relied on relatively cheap labour for growth and the shift from will be rather alarmingly sudden.
That being said, they can avoid a production collapse by increasing productivity. China is building all kind of infrastructure like crazy. They need to move to first-world status, however, in the next 10 years or so. It’s going to be interesting to watch.
Chinese millionaires are not leaving because they fear instability.
They are leaving because they want the luxuries of the West: Suburban lifestyle with cars, freedom to travel, freedom to invest globally, access to the best universities, access to technology like Facebook, Google and latest gadgets.
They are leaving because they want the luxuries of the West: [...]
The one you're leaving out is rule of law and not having to living in fear of you or your business being seized by the government when the party feels like it (eg. crackdowns on the tech/tutoring industry, covid lockdowns). That's arguably the "instability" that you're talking about.
Comments
Given the imminent (<10 years) collapse of Xi's China, it's unsurprising that they top the charts in people with means fleeing. We'll be discussing/dealing with the ripples of that for decades. It is sad that so many lives will be lost in the famine that results.
Given that I've been hearing that China's ten years away from collapse for the past 20, ill believe it when I see it.
The reason people with means leave isn't because of impending collapse, it's because life is better overseas, today.
Or because they got their money in shady ways, and aren't interested in dealing with the consequences of getting caught.
It doesn't collapse until it does, and then it becomes really obvious. Nations can last for a long time as long as whatever keep them afloat are still available.
That is quite a bold claim. What are the sources or inferences you draw on for this belief?
The main reason often cited for China’s downfall is demographic collapse.
They have too many old people and not enough young people.
It’s potentially possible that automation can solve this problem but China’s economy has relied on relatively cheap labour for growth and the shift from will be rather alarmingly sudden.
While it may be true that China has/will have "too many old people and not enough young people", it's still quite the stretch to posit
1. China has demographic imbalances
2. ???
3. "It is sad that so many lives will be lost in the famine that results."
If you want to see China demographics collapse: https://tradingeconomics.com/china/employed-persons
That being said, they can avoid a production collapse by increasing productivity. China is building all kind of infrastructure like crazy. They need to move to first-world status, however, in the next 10 years or so. It’s going to be interesting to watch.
China will collapse just the day after the Evergrande's final bankruptcy bankruptcy.
Chinese millionaires are not leaving because they fear instability.
They are leaving because they want the luxuries of the West: Suburban lifestyle with cars, freedom to travel, freedom to invest globally, access to the best universities, access to technology like Facebook, Google and latest gadgets.
The one you're leaving out is rule of law and not having to living in fear of you or your business being seized by the government when the party feels like it (eg. crackdowns on the tech/tutoring industry, covid lockdowns). That's arguably the "instability" that you're talking about.