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Comment Re:You cannot trust China to tell you the truth (Score 1) 231

China is a famously closed ecosystem. Li Keqiang -- a CPP provincial secretary -- candidly said in 2007 that CCP numbers are "man-made and therefore unreliable". on. People interested in measuring China's economy use proxies, which has become an academic cottage industry. In 2020, China famously cut its population by 200 million (!!!) people.

Anyone who takes Chinese numbers at face value is foolish, because the CCP doesn't do that themselves.

Comment Re: Sojust like every other tech growth story (Score 1) 231

Precisely. The CCP has relied on widespread financial repression of its citizens to build an impressive industrial base. The key question is this: if Chinese citizens do not exchange exports for imports, then what is the point? It is economically incoherent. China will accrue a massive amount of foreign currency, and then what? Bathe in it while it deflates away?

Economic imbalances have a funny way of correcting themselves eventually. When this happens, China will discover that foreigners can moderate their appetites or find alternatives. The same cannot be said for factories and their workers.

Excellent analysis from economics professor Patrick Boyle.

Comment Re:What's in a domain name (Score 2) 54

<blockquote>Seizing names just makes it harder to find sites, but if users are expecting to have to find the current site name, then it starts to get more futile.</blockquote>

And then helpful Wikipedia editors conveniently document for posterity the current site name, so users always know where to look.

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