China obviously has something to gain, but it’s also obvious that they have more to gain from being honest in an overt publication like this than they do from being dishonest.
It’s an overt publication from the Chinese government. What reason do they have to lie? That would harm the credibility of the Chinese government, which is something that’s pretty strong in the Global South.
Most of the photographic evidence has been comprehensively debunked. Instead of citing Wikipedia, want to present any new evidence that’s not backed by a right-wing Christo-fascist?
This is as China’s real estate sector is actively deflating and dragging down GDP growth (real estate as % of GDP estimated to drop from a high of 24% in 2018 to 19% in 2023) on the order of about 1 percentage point annually.
I’m really not sure what you’re talking about? Labour is rotating into clean tech deployments, GDP growth numbers actively account for the deflation of the real estate bubble, manufacturing is still expanding, and estimates for GDP growth from Western analysts continue to shoot up. Meanwhile, bankrupt developers are having their projects be repurposed into public housing.
In fact, investments are rotating rapidly from real estate into industrial capacity, which tends to have higher short-term ROI and a more significant short-term contribution to GDP.
The biggest concern IMO is the rapid expansion of debt at the national level, which reflects the collapse of LGFVs as a viable method of supporting provincial coffers due to the decline in real estate - China’s government is becoming more centralized, and that has the potential to intervene with the (astonishingly successful) hands-off policy that’s been adopted in the past.
Striking a facility that’s entirely focused on detecting hostile nuclear launches is… Probably not the smartest thing Ukraine has ever done. Nuclear facilities typically are protected by MAD, and this is going to push Russia to the edge on nuclear weapons use.
This is terrifying and I have no idea why the US hasn’t intervened to clear the waters.
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