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Joined 3 years ago
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Cake day: June 18th, 2023

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  • I’m sorry, what? China has a mountain of debt and the housing bubble is swallowing up any savings an average household could accumulate. Turns out pouring more concrete in a decade than the USA poured in a century comes at a cost after all. This might be news to some but it shouldn‘t come as a surprise.

    What definitely shouldn‘t be news to anyone at this point is China‘s inevitable demographic time bomb that‘s about to go off. China‘s population is aging much more rapidly than any other demographic in the world and soon a huge chunk of their workforce will retire with way too few workers to replace them.

    These things will put a strain on China’s economy that makes Japan‘s bubble burst look like a cakewalk.






  • Good question! I‘m not that deep into the technical aspects but Chinese companies that work with foreign companies would have to work with the government and other Chinese companies that control internet access in China to circumvent the firewall legally. The process is likely limited and heavily monitored by authorities. Same would go for Chinese companies with storefronts in the global web. They would need to access our internet regularly but I assume their access is limited to some degree.

    I imagine unless you‘re a big player it can be quite the hassle so many Chinese companies would rather work with domestic companies than with foreign ones. I think this is one major reason why many contracts with Chinese companies can only be done through middlemen. As an outsider, you can‘t get full access to their industry because you have no means of contacting all these little manufacturers yourself.

    But again, I don‘t actually know for sure what these processes look like. Maybe someone with actual experience can shine a brighter light on this.





  • VPNs are banned in some countries. At least in practice. China comes to mind and please nobody tell me „I have a friend in China and they use one!“ That friend is either breaking the law, or a state agent or foreigner where that law doesn‘t apply. Hotels have that as part of their service for tourists because why the hell would anyone travel to a country with basically no internet? Of course they are exempt.

    But Chinese citizens are absolutely not allowed to use VPNs to break through the great firewall. The overwhelming majority wouldn‘t even know how. But of course most of them know at least one person who can.

    So in theory the law is useless but in practice it‘s very effective to control information. Whatever the case it‘s nothing a democracy should pursuit. Ever.