Sure, but China has huge unemployment _and_ under-consumption. This means that t... | Hacker News

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cyberax 6 months ago | parent | context | favorite | on: The rise of the U.S., the rise of China

Sure, but China has huge unemployment _and_ under-consumption. This means that the economy is not well-aligned with the needs of the population.

The fix for that is long-known: liberalize the business environment and let the market settle.

The question about the leadership is right, though. I'm not sure they _want_ the market to win.

39896880 6 months ago [–]

The time to start a business is in your 20s, before you have a kid. Unfortunately, China runs short of these. The largest demographic bucket is 50-54 years old. The second largest is 65-69. The 20’s are 7th and 8th…

https://www.statista.com/statistics/1101677/population-distr...

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