Gunners Shot

Xi Jinpings turn to the Private industry is almost dramatic. After all he had wrecked the ed-tech , fintech and construction industry 3-4 years back. It had then set back China by 2-3 tn USD. The fact that he has to turn back to the private players including Jack Ma whom he had banished indicates that china is in deep trouble. If one looks beyond the hype of manufacturing and technology the fact remains that China is in a hole called Japanification from which there is no exit. India has to navigate between the reality of Chinese Japanification, irreversible Demographic Collapse and a prolonged property downturn for at least a decade and a china which still sees itself as a world power with a booming economy, high technology and a strong military. At the end, it will do us well to understand that a nation is made up of people and not AI, Robots, EVs and solar panels.