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Pete LU

The economy, 2023

The economy, 2023

China's economy, going into 2023, is in a bad shape. Unemployment rate is at an all-time high, particularly among young people (20%?) and middle-aged adults (myself included). Housing market is in trouble, with plummeting prices and widespread debt. People are spending less, and investing has ground to a
May 29, 2023 1 min read
The big picture

The big picture

When looking at China and trying to evaluate the people, sentiments, politics, and ultimately, culture, there might be some "big pictures" that could be easily missed. Notice: below are my personal opinions as a Chinese guy (age 40) living in China, and I'm not working for
May 15, 2023 1 min read
Why this site

Why this site

China is alreayd the 2nd largest economy, and it's aiming to be the 1st in a relatively short period of time. That is possible, in my opinion, given that China's population is more than 4 times that of the US. It is realistically achievable, if nothing
May 15, 2023 1 min read
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