Gordon G. Chang
@GordonGChang
Author of Plan Red: China’s Project to Destroy America, The Coming Collapse of China, and China Is Going To War.
Joined June 2010
928 Following 441.7K Followers
The bottom portion of China’s economy is so large that it will plunge the country into a severe and long-lasting contraction.
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I would add that Tsinghua University's Li Daokui recently noted that "Using the term "K-shaped divergence" creates the false hope that the upward arm of the "K" can pull up the entire economy. This misdirects our focus. We must recognize that single upward trajectory cannot carry the weight of the entire economic base."
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