https://danwang.co/2023-letter/
"The most important story of China in 2023 might be that the expected good news
of economic recovery didn’t materialize, when the end of zero-Covid should have
lifted consumer spirits; and that the unexpected bad news of political
uncertainty kept cropping up, though the previous year’s party congress should
have consolidated regime stability. China may have hit its GDP growth target of
5 percent this year, but its main stock index has fallen -17% since the start
of 2023. More perplexing were the politics. 2023 was a year of disappearing
ministers, disappearing generals, disappearing entrepreneurs, disappearing
economic data, and disappearing business for the firms that have counted on
blistering economic growth.
No wonder that so many Chinese are now talking about
rùn. Chinese youths have
in recent years appropriated this word in its English meaning to express a
desire to flee. For a while,
rùn was a way to avoid the work culture of the
big cities or the family expectations that are especially hard for Chinese
women. Over the three years of zero-Covid, after the state enforced protracted
lockdowns,
rùn evolved to mean emigrating from China altogether."
Via
Future Crunch, who wrote “Dan Wang’s annual letter is out, we’ve featured
it every year since the first edition in 2017. Apparently this is the last one
for a while, so soak it in”
<
https://futurecrunch.com/good-news-malaria-vaccine-reforestation-china-poverty-india/>
Cheers,
*** Xanni ***
--
mailto:xanni@xanadu.net Andrew Pam
http://xanadu.com.au/ Chief Scientist, Xanadu
https://glasswings.com.au/ Partner, Glass Wings
https://sericyb.com.au/ Manager, Serious Cybernetics
