[ARI SHAPIRO, HOST]: How big an economic funk is China in right now? Is this a country in decline or just growing less quickly than it used to be?
[ROBERT DALY]: I think the latter. It’s growing less quickly. It is in the midst of its biggest economic crisis since it began opening up in 1978, but I think that many in the West have been too quick and too triumphalist to declare that this is peak China and that China is done. There’s - you know, they face structural difficulties, but they still have a lot of strengths.
The guy never makes any sort of numerical comparison between the US and China. The closest he gets is to say that this “economic funk” is nowhere near as bad as the 2008 recession. That “64%” seems to be imaginary.
So that link at the bottom redirects to an NPR interview (https://www.npr.org/2023/11/15/1213287201/how-chinas-weakened-economy-plays-into-talks-between-biden-and-xi) and it’s just a bog standard interview? This exchange here is a little funny:
The guy never makes any sort of numerical comparison between the US and China. The closest he gets is to say that this “economic funk” is nowhere near as bad as the 2008 recession. That “64%” seems to be imaginary.
Out of her ass, you say?
like a dagmad acme mallet
Glaring at the 1992 Chicago Bulls and announcing, “This is it. They’ve peaked. They’re over as a franchise.”
Evidence doesn’t matter in the vibes-based international order
Neither does the fact that China’s real estate industry is deflating like a balloon, yet China is still netting 5% YoY GDP growth.