General Discussion

Irish_Dem

(72,799 posts)

10. This is part of why the Chinese economy has crashed.

Thu Jul 3, 2025, 09:27 AM

Jul 3

Since Covid, the housing market collapse, many mistakes on the part of the Chinese govt,
the Chinese people refuse to buy anything but the bare essentials.

This means that the Chinese warehouses are full of goods, cars, etc that the manufacturers
cannot sell. The prices are falling so it means the goods are now worth less than what they
cost to manufacture.

The Chinese govt stubbornly refused to do anything to stimulate the economy or restore
trust. So China is in a downward spiral.

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Here in NM Dion's pizza is a staple business [View all] ALBliberal Jul 2 OP

Most of the stores and restaurants are not crowded any more. Irish_Dem Jul 2 #1

This was a sort of "bellweather" moment for me ALBliberal Jul 2 #2

A couple of months ago I went to a Five Guys hamburger restaurant Saturday at noon. Irish_Dem Jul 2 #5

So sad. Restaurant businesses are first to feel a recession. John1956PA Jul 2 #7

I noticed the same thing yesterday. Irish_Dem Jul 3 #8

I know Dion's as I live very close to one lindalou65 Jul 2 #3

I suspect I live near you. Tramway Montgomery. ALBliberal Jul 2 #4

We do live close lindalou65 Jul 2 #6

My kids went to Mitchell Elementary:) so yes I know that area well. ALBliberal Jul 3 #14

Warren Buffet Johnny2X2X Jul 3 #9

This is part of why the Chinese economy has crashed. Irish_Dem Jul 3 #10

China's economy is growing again Johnny2X2X Jul 3 #11

+1. We'll be in far worse shape than China. dalton99a Jul 3 #12

US Federal Reserve Board doubts they can maintain it. Irish_Dem Jul 3 #13