I traveled to Wuhan twice a year for business for much of the last decade (until the pandemic).

China was a growing country that clearly knew how to build infrastructure. In Wuhan, they built an entire development intended to employ 100,000 engineers (Huawei + our US company's 50). They built a subway system in a decade that's bigger than New York City's. I took the high-speed rail to Beijing and it was superb. They replaced an old, shabby international airport terminal with a new one with the widest concourse I've ever seen. They subsidized regular flights between Wuhan and San Francisco on China Southern airlines. The Hyatt Regency there was one of my favorite hotels I've ever stayed in (cheap and high quality). In a big commerical district, they had the largest screen I've ever seen that had a Blue Screen of Death :-)

Dazzling yet I'm not bullish on China due to its demographics, among many other reasons.

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twilo 4 hours ago | parent [-]

What’s wrong with their demographics? Population decline?

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HerbManic 4 hours ago | parent [-]

It has been called the 4-2-1 problem. 4 people had 2 kids. Those 2 kids had 1 of their own. This means there ends up with a more elderly people with far fewer young to support them. That doesn't look like a recipe for social stability. This is why they are going in so hard on automation nowadays, they are trying to do what Japan attempted in the 90s/2000s but hopefully with more success.

This was originally a side effect of the One child policy, but now it is continued due to difficult living situations. This is not a uniquely China issue.

https://alexatsintolas.weebly.com/the-4-2-1-problem.html

	▲	segmondy 4 hours ago \| parent [-]
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