13. The Problem with China
Saving Capitalism
English - October 05, 2023 13:00 - 37 minutes - 69.5 MB - ★★★★★ - 521 ratingsInvesting Business investing realestate business realestateinvesting entrepreneur cashflow interview apartmentinvesting finance wealth Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
China is one of only major world powers that has somehow integrated communism and capitalism - two ideas traditionally thought to be incompatible, even the antithesis of each other. Their economy can truly be considered a modern marvel, having grown exponentially over the course of just 50 years.
But it's not all good: their economy has fluctuations like all others. And with unlimited power of the government to intervene, what will be the result?
It won't work the same as other countries. But just like here, they are experiencing an economic slowdown, though from different causes. Their unemployment is high, banks are lowering interest rates, and the overall outlook has changed. So, what's happening with China?
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