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Gordan Chang's later predictions on the "coming collapse" should be added in the update section, as Gordan is still often interviewed by the media on this.
There's a comment in the talk page for Gordan Chang's article which lists many examples, so I'll copy and paste that comment here:
119.224.86.137 ( talk) 22:58, 21 August 2020 (UTC)
It's simply a bad book. Not that I don't believe the prediction, that China will fail. But he does not even touch the relevant reasons and cites the wrong ones instead. No wonder that his time schedule proves ridiculous. Western academic "expertise" on China is in a deplorable state. Scientists rely too much on speculation and know too little about the intricacies of everyday life in China - which would provide ample reason to construct a failure theory. Reasons for failure lie in the abyssmally bad legal system (no functioning compulsory execution to get your money, e.g.) and in the growing indebtedness of private households (see report of the San Francisco FED of a few years ago). Equally important is the dwindling trust in the real estate system (clients pay for houses that are to be built later), or the sick health system. Enough has been said about the banks and about the catastrophic education system which ruins parents financially and pupils psychologically. But it's impossible to forecast exactly when Chinese failure will occur. — Preceding unsigned comment added by 2A02:1210:3ECB:2600:D979:5C3:2416:4F34 ( talk) 17:30, 16 October 2022 (UTC)
![]() | This article is rated Start-class on Wikipedia's
content assessment scale. It is of interest to the following WikiProjects: | ||||||||||||||||||||
|
Gordan Chang's later predictions on the "coming collapse" should be added in the update section, as Gordan is still often interviewed by the media on this.
There's a comment in the talk page for Gordan Chang's article which lists many examples, so I'll copy and paste that comment here:
119.224.86.137 ( talk) 22:58, 21 August 2020 (UTC)
It's simply a bad book. Not that I don't believe the prediction, that China will fail. But he does not even touch the relevant reasons and cites the wrong ones instead. No wonder that his time schedule proves ridiculous. Western academic "expertise" on China is in a deplorable state. Scientists rely too much on speculation and know too little about the intricacies of everyday life in China - which would provide ample reason to construct a failure theory. Reasons for failure lie in the abyssmally bad legal system (no functioning compulsory execution to get your money, e.g.) and in the growing indebtedness of private households (see report of the San Francisco FED of a few years ago). Equally important is the dwindling trust in the real estate system (clients pay for houses that are to be built later), or the sick health system. Enough has been said about the banks and about the catastrophic education system which ruins parents financially and pupils psychologically. But it's impossible to forecast exactly when Chinese failure will occur. — Preceding unsigned comment added by 2A02:1210:3ECB:2600:D979:5C3:2416:4F34 ( talk) 17:30, 16 October 2022 (UTC)