This guy’s one of the only real players in the China “overcapacity” discussion (which is a zombie of 2000s China collapse discourse). Probably the best account to follow if you’re out of the loop
What’s to be said about Chinese “overcapacity” aside from: it’s this month’s copium.
That’s definitely the bare minimum a sane person needs to know!! But why not use it to pry open such a complex issue? Rn everyone is coming out swinging at each other so it reveals who is just bullshitting quickly, even those who ordinarily stick to scummy debate tactics, jeering, and unsourced claims end up dropping links. Everyone is pissed off over this + the labor aristocracy debate + Iran
I’ve ended up learning a lot about different industries and social programs in China from the corrections
Actually I thought this narrative had already run its course and gone away. I posted articles about it when it was in the news cycle.
I think as long as all of these institutions are ideologically predisposed not to understand China, capital controls, or what industrial capacity actually is, it will recur
Their salaries depend on them not understanding.
