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.
The Security Council resolution drafted by Russia rivaled one backed by the U.S. and Japan that failed last month. The rival drafts focused on different types of weapons, with the U.S. and Japan specifying weapons of mass destruction. The Russian draft discussed all types of weapons.
Why is the US so keen to allow conventional weapons in space?
East Asian politics is played on centimeters, not miles.
A nudge a few centimeters in any given direction has the same effect as a North American leader completely flopping to a different position, because it indicates a fundamental issue: what direction is this guy taking me?
Israeli spy chief ‘threatened’ ICC prosecutor over war crimes inquiry (www.theguardian.com)
Monthly drop hints that China’s CO2 emissions may have peaked in 2023 (www.carbonbrief.org)
Canada pledges visas for 5,000 Gaza residents related to Canadians, says it's 'horrified' by Israeli attack in Rafah (www.ctvnews.ca)
He Moderated the R/Ukraine Subreddit. Now, He's Being Called to Fight. (www.businessinsider.com)
At least 35 killed in Israeli airstrike on displaced persons camp in Rafah, health ministry says, hours after Hamas fired rockets into Israel (www.cbsnews.com)
Ukrainian M1 Abrams Tanks Get Elaborate 'Cope Cages,' Soviet Explosive Reactive Armor (www.twz.com)
Hamas launches rocket attack towards Tel Aviv (www.bbc.co.uk)
Israel's Knesset to vote on declaring UNRWA a terrorist organization (m.jpost.com)
Strike On Russian Strategic Early Warning Radar Site Is A Big Deal (www.twz.com)
'You could be the next Fico,' Georgian PM claims he was told regarding 'Russian bill' (www.telegraph.co.uk)
ICC prosecutor threatened: Court 'built for Africa and thugs like Putin' (www.aa.com.tr)
UN Security Council rejects Russia-backed resolution on banning weapons in space (apnews.com)
China has a point about Taiwan’s new leader (www.ft.com)
How British patients were infected with HIV by US prisoners who donated blood for a few dollars (www.telegraph.co.uk)
Dalai Lama told cameraman, 'you're fat, you need to go on a diet' (www.telegraph.co.uk)
Microplastics found in every human testicle in study (www.theguardian.com)
America’s Nuclear War Plan in the 1960s Was Utter Madness. It Still Is. (www.motherjones.com)