China’s economic model today is debt-ridden, with a debt-to-GDP ratio estimated at nearly 300%.
 

The country’s property sector, which once fueled growth, is collapsing under defaults by its largest developers.
 

The popped bubble had almost no effect on China's large economy: the country's GDP grew 5% last year, with low inflation. Trump would celebrate loudly if the US ever grew as much as 3% a year on his watch, in spite of high inflation.

The true leverage remains with the Western financial system, which continues to shape China’s economic and strategic boundaries.
 

https://www.jpmorgan.com/content/dam/jpm/cib/complex/content/research/dedollarization_update/Dedollarization_Chart.svg

I draw your attention to the the white line, the US dollar's share of foreign exchange reserves. In the 1970s, the share was over 85%. Now it is 59%. This is dedollarization in action.

You appear to be interested in the workings of the world financial system.

What's you take...when is the next "correction" happening?

Some people believe its related to AI hype hitting the wall.
Like
https://www.theatlantic.com/economy/archive/2025/09/ai-bubble-us-economy/684128/
Quote:
".....massive private sector stimulus program....."

Your take?

Christ-the trolls just keep getting dumber. Racial supremacist brainwashing does that to you. It's 'whistling past the graveyard'.
The 'gooks' can't be better than us, with half the world's patents every year, the largest and most productive economy on Earth, more STEM graduates every year than the EU, USA and India combined, etc ad infinitum, because they're NOT WHITE!! Get it! This must be Gordon Chang, or one of his clones, still awaiting China's imminent collapse, after twenty-five years!

Replies: @Think2Survive

Then you will enjoy the coming show. I have my popcorn ready for the entertainment in the next 10 years.

You must be a stupid gringo, right?

The reason why China imported those ballpoints was because it was more economically viable for Chinese factories to do so. Same goes for, say, the electronics manufacturing industries where China used to import almost all of its semiconductor components. That was true until Xi launched his "Made in China 2025" campaign to promote technological self-suffiency, back in 2014.

Another example is high-speed rail where China used to depend on foreign technologies licensed from Japanese and European companies. That lasted until China decided to design their own high-speed rail system which has already surpassed those of Japan and Europe.

Still another example is jet fighters which China first produced back in the 1950s by copying designs of Soviet jet fighters, under license of course. However, China had to import the jet engines from the Soviet Union and later Russia until the 2010s when the Chinese successfully developed, tested and deployed their own jet engines which have already surpassed those old Soviet/Russian imports.

Long story short, economic viability plays the key role in whether China wants to indigenize technologies acquired from abroad. In many cases, the Western embargo against the export of defense-related technologies is what forced China to develop its own high-tech weapons. However, this is not the case for civilian technologies which are widely available in the global market. So long as those civilian technologies are available, Chinese manufacturers such as Huawei did not mind importing, say, foreign-made semiconductor components such as Intel x86 CPUs or licensing, say, foreign-developed software such as Microsoft Windows for their China-made PCs. However, after being banned from importing Intel x86 CPUs and licensing Microsoft Windows, Huawei went ahead and designed their own CPU chipsets and developed their own Harmony OS.

By contrast, the USA has not been able to produce cutting-edge semiconductors, relying on TSMC in Taiwan. Even Intel has had difficulties competing against TSMC in producing sub-7nm semiconductors. So much so that the USA had to give subsidies to Intel and pressure TSMC to setup semiconductor manufacturing plants in the USA. Lately, NVDIA has invested in Intel while the USA has taken an equity stake. But whether Intel would survive or not remains to be seen.

China: hailed as a STEM superpower, a patent colossus, the envy of the West—until you scratch the surface. Peel back the propaganda and you see a nation whose “innovation” often begins with a polite bow to a white man’s invention, followed by a decade-long struggle to copy it. Take the ballpoint pen: László Bíró gave the world a working design in 1938, yet it took gook engineers nearly 20 years and millions of dollars in R&D just to produce pen tips that didn’t fall apart. Even with billions of pens rolling off assembly lines, China remained dependent on German, Swiss, and Japanese imports until 2017. A pen! A simple pen!

 

The Chinese brush pen is a traditional writing and painting tool that holds great cultural significance in China. Its unique design and versatility make it a beloved instrument among artists, calligraphers, and enthusiasts worldwide. This introduction aims to provide a glimpse into the rich history, characteristics, and uses of the Chinese brush pen for foreigners who are eager to explore its beauty and functionality.

Dating back over two thousand years, the Chinese brush pen, also known as “maobi” in Mandarin, has been an integral part of Chinese art and calligraphy. It embodies the essence of Chinese culture, emphasizing harmony, elegance, and precision. The brush pen consists of a bamboo handle and a soft brush tip made from animal hair, typically from weasels, wolves, or rabbits. The combination of the handle and brush creates a dynamic tool that offers both control and expressiveness.

One of the remarkable features of the Chinese brush pen is its ability to hold a large amount of ink. This characteristic allows artists to create flowing and continuous lines with a single stroke, capturing the fluidity and vitality of the subject. The brush tip is flexible and responsive, adapting to the pressure applied by the artist’s hand. By varying the pressure, artists can achieve different line thicknesses and textures, adding depth and dimension to their artwork.

In traditional Chinese painting, the brush pen is widely used to depict a wide range of subjects, such as landscapes, flowers, birds, and figures. The brush’s bristles are adept at capturing the subtle details and textures of these subjects, bringing them to life on paper or silk. The flowing lines and delicate ink washes created by the brush pen evoke a sense of serenity and tranquility, reflecting the Chinese philosophy of balance and harmony with nature.

Calligraphy, another prominent art form in China, heavily relies on the Chinese brush pen. With its versatile brush tip, calligraphers can produce a variety of strokes and styles, ranging from bold and powerful to graceful and refined. Chinese calligraphy is not just about writing characters; it embodies the beauty of rhythm, balance, and harmony. The brush pen allows calligraphers to express their emotions and convey profound meanings through the subtle variations in their strokes.

Beyond art and calligraphy, the Chinese brush pen is also a popular writing tool. Its smooth and responsive brush tip glides effortlessly across the paper, creating a unique writing experience. Many people find joy and relaxation in using the brush pen to write letters, journals, or personal notes. It offers a connection to the traditional Chinese writing culture while adding an artistic flair to everyday writing.

Today, the Chinese brush pen has gained international recognition and has become a favorite tool for artists and calligraphers around the world. Its distinctive characteristics and cultural significance make it a valuable addition to any art collection or personal practice. As you explore the world of the Chinese brush pen, you will discover its versatility, expressiveness, and the rich heritage it carries, providing a gateway to the captivating world of Chinese art and culture.

 

What a pathetic race-hating cretin you are. Stupid, pig ignorant (apologies pigs)and riven with race hatred and rage and malicious envy. And it reminds me of the space race between the Soviet and the USA. The Yanks had biros that often failed in space, whereas the 'dumb' Soviets used pencils. Keep spewing your race hatred-I can smell the funk of your FEAR from here.