“The China Boom is Over” And the last thing we import from China could be another Rust Belt.

The Chinese miracle has been on life support for a decade, as President Xi turned against private businesses he saw as a political threat. Beijing compensated by pumping cheap money to favored industries, and now China is covered in ghost factories, even ghost cities. The biggest risk for America is a flood of cheap Chinese exports that would delight consumers, but could wipe out what’s left of American manufacturing.

“The China Boom is Over”

And the last thing we import from China could be another Rust Belt.

The Chinese miracle has been on life support for a decade, as President Xi turned against private businesses he saw as a political threat.

Beijing compensated by pumping cheap money… pic.twitter.com/NHrJc4oIil

— Peter St Onge, Ph.D. (@profstonge) March 7, 2024

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