Posted 3/28/2024, 2:48:00 PM
China Faces Economic Headwinds and Geopolitical Tensions Despite Tech Investments
- Debt problem - growing debt depressing economic activity, prices, psychology
- Internal wealth gap - "common prosperity" policies creating fear and uncertainty
- Increasingly difficult relations with US - power conflict hurting sentiment and business
- Technology war with US - massive spending on AI, quantum computing, etc.
- Climate crisis risks - floods, droughts, pandemics likely to be very costly