The problem is Neoliberalism and the tenacious belief in austerity that is causing the pain. The Chinese have been growing a middle class by not practicing austerity, while in the West the middle class is shrinking.The West has allowed globalization to make processes very interdependent between countries while China is becoming less dependent on foreign trade.
The problem is Neoliberalism and the tenacious belief in austerity that is causing the pain. The Chinese have been growing a middle class by not practicing austerity, while in the West the middle class is shrinking.The West has allowed globalization to make processes very interdependent between countries while China is becoming less dependent on foreign trade.