Does China have the fiscal firepower to rescue its economy? \ stacker news ~econ

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Does China have the fiscal firepower to rescue its economy?www.economist.com/china/2025/01/09/does-china-have-the-fiscal-firepower-to-rescue-its-economy

373 sats \ 8 comments \ @tomlaies 10 Jan econ

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5 sats \ 2 replies \ @OT 10 Jan

What does a failing economy look like when they're still making all the products for the world? Higher taxes on producers? More producers flee?

31 sats \ 1 reply \ @tomlaies OP 10 Jan

Japans Lost decade: Toshiba and Sony did not stop pumping out cheap & good electronics en masse to the world market, job losses were not a deep crisis and yet people lost paper wealth, peoples wages stagnated and gdp stopped growing

5 sats \ 0 replies \ @Bell_curve 10 Jan

3 decades lost and counting

1 sat \ 0 replies \ @tomlaies OP 10 Jan

Winnie Pooh on the brink of first bailout for banks

0 sats \ 0 replies \ @ZezzebbulTheMysterious 10 Jan

Betteridge's law of headlines says "No"

0 sats \ 0 replies \ @Satosora 10 Jan

There is too much corruption to turn it around.

0 sats \ 0 replies \ @Undisciplined 10 Jan

It's just fundamentally the wrong question. It would be like asking if someone has enough gasoline to put out a fire.

What they probably mean, though, is if they have enough to turn the GDP metric around.

0 sats \ 0 replies \ @tomlaies OP 10 Jan

Does China have the fiscal firepower to rescue its economy? Answer No. The GDP data is fraudulent

https://xcancel.com/mrbcyber/status/1877595402259550521

I disagree with this. China can definitely borrow enough money to bail out the banks and the shadow banks.

https://xcancel.com/Noahpinion/status/1877616785115197538