FYI: China’s long boom is over. Persistent weaknesses in productivity growth and a looming demographic catastrophe will hobble the country for decades to come.
Every society produces goods and services using workers, raw materials, and capital. Living standards rise as societies increase their use of these inputs—putting more people to work, making them work longer hours, extracting and consuming more raw materials, and investing in more machines and technological research—and get more efficient at transforming those inputs into things people actually want.
Regards,
Ted
https://www.barrons.com/articles/chinas-slowdown-is-only-just-beginning-51548447250?mod=hp_DAY_3
