Oddbean new post about login | logout Low key global economy risk is what happens when China enters stagflation.
China has harvested the productivity and dynamism of the private sector for the ambitions of Xi Jinping and the CCP. We’ve seen what happens in the west when the sugar high of excessive debasement/stimulus wears off. Stagflation is not going to be pretty when it hits a country that pretends to have 5% yoy growth