Yeah, no way in fuck is China on a 4.8% growth rate. Especially with the current lockdowns in Shanghai and other major port hubs.
The Chinese economy is one massive house of cards that the CCP will push fake and misleading numbers constantly for. The actual meat and potato economics going on don't match up one damn bit.
China has two currencies, the internal and external, and the Government 100% controls the transfer between the two. Basically, they've weaponized the idea of fiat currency against the rest of the world. Their money is literally completely made up, even more so than the US's post 1971.
When this collapses, and it WILL collapse, there will be hundreds of thousands of companies in the US and EU left holding the bag, if not entire countries. China will NOT give a shit, at all, that suddenly all these companies have no product, a worthless fake currency, and
absolutely no recourse. They will not care. To China, the rest of the world are subhumans and if they can fuck them over it's their duty as the superior race and culture, and the only real empire, to do so.
In fact, traditionally the type of Economy China has collapses HARD the second things stop moving, even briefly. I.e., a lockdown like we had in the West would affect them even more than us, and they won't (can't) recover from it.
And of course, the US has hitched their wagon to that failing mess, because hey hey, why keep any form of manufacturing in house when China can do it all, for cheaper. Medium term, we're fucked. Long term, we are so so fucked.
