from MicroWave@lemmy.world to world@lemmy.world on 04 Feb 2024 17:42
https://lemmy.world/post/11562985
BEIJING (Reuters) - Many Chinese are venting their frustration at the slowing economy and the weak stock market in an unconventional place: the social media account of the U.S. Embassy in Beijing.
A post on Friday on protecting wild giraffes by the U.S. embassy on Weibo, a Chinese platform similar to X, has attracted 130,000 comments and 15,000 reposts as of Sunday, many of them unrelated to wildlife conservation.
“Could you spare us some missiles to bomb away the Shanghai Stock Exchange?” one user wrote in an repost of the article.
The Weibo account of the U.S. embassy in China “has become the Wailing Wall of Chinese retail equity investors”, another user wrote.
The U.S. embassy did not immediately respond to a Reuters request for comment.
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the Chinese stock market has LOST 13% of its value over the past 10-11 years, while the US market has doubled.. more context
Not that it is a net good thing, as that has done next to nothing for the general population. The US way has the manipulation coming from the inside, the Chinese way has it coming from government entities. Both are damaging. Both are not good for the most vulnerable. I feel the US way is a bit more correctable without extreme upheaval, though.
China built an economy that’s like 50% based on bullshitting to your superiors about how much infrastructure you built.
They also overbuilt infrastructure and entire housing complexes sit empty. So is it both?
Housing which is shit and often unsuitable for habitation:
https://en.wikipedia.org/wiki/Tofu-dreg_project
And to be clear, they've built a lot of infrastructure, but it's often underbuilt. Eg. they'll build huge projects or even residential districts, but save money by not ensuring there's sufficient drainage. Result: fancy stadium, looks better than many a western stadium, cost less to build, fancier, looks higher quality, what you see may even be better quality, built in record time, but when it rains everyone's walking in poo water.
Tofu dreg
So much both
Don’t forget, the US has implemented some strong sanctions against China including restrictions on trade.
Imagine competing in a race but you have your friends holding back your competitor.
that's a pathetic excuse.. China's problems are all its own making, and there are several big ones they haven't even begun to deal with yet.. in fact, the real problem in China is their lack of responsibility and willingness to look around for someone else to blame, like you just did..
China is a debt addict about to go through bad withdrawals
Sure, and China certainly has no restrictions on businesses from other other countries. No sirree. None. They’re also renowned for their non-interventionist, market-based solutions that certainly don’t favor Chinese interests.
It’s almost like if you respect basic human rights has a positive economic benefit…
We talking about Palestinian human rights? Or are those not humans?
we're talking about the Uyghurs, whom the Chinese have enslaved, but you probably know all about that
Well of course. Just wondering why the double standards when the perpetrators of human rights abuses are white or white passing.
Ironically both. Palestinians don’t believe their neighbors should be allowed to continue living, so they engage in constant warfare. Now their neighbors don’t want to give them free stuff anymore.
More like imagine competing in counterstrike and complaining about hacks because you got sniped. China does the same shit, they’re just not as good at it. All hat, no cattle.
America may be one of major assholes for trade wars, sanctions etc, but China are on whole different level. They have godlike amount of hypocrisy and being complete ass to everyone with their protectionism policies.
At a micro level, theres a lot of low quality products. Things that look okay on their face, but fall apart with any minor inspection.
I wonder if that’s deep down the problem for China, beyond products.
It’s what happens when you build a culture around “saving face” rather than competence. And then kill 10% of the population, targeting the productive and educated.