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Comment by datumy | Hacker News Reader

I would encourage commenters here to pay a visit to China to see what's happening there with their own eyes. Most commenters never visit China and make some bold comments based on distorted information from MSM. A couple of months ago, I visited my hometown in China, located in one of the poorest regions of the country, and I witnessed how vibrant the local economy is. I attended a Big Data Expo held there, and I was shocked by how deep Big Data and AI are integrated in everyday life and industry over there. I think it's beneficial to know the facts in seeking truth.

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Remember that "zombie economy", the bubble before the storm, doesn't mean dead local bazaars.

"Big data and AI are integrated in everyday life" should make it clear that author is either naive or shilling. Of course there's big data, with social karma and total surveillance you just must, but if you mean something people actually interact with daily... saw enough sham around it in China that without evidence I will just laugh at this. As soon as tech sector caught on that party wants AI everything instantly is labeled "AI".

I agree and I'm not sure the economic arguments along the lines of "overaccumulation crisis" have much predictive value, similar to much economic theory.

I also visited China fairly recently, China in 1983 and other culturally Chinese places like HK, Singapore, Taiwan and western areas. My take is the Chinese are a generally a hard working educated people who will do well given the chance. In 1983 the place was reduced to 1$ a day type poverty by Mao style communism. When Deng Xiaoping dropped that and allowed normally capitalism and trade the place boomed as the population started catching up with their cousins abroad.

Now Xi who is a Mao fan is rolling back some of the economic freedom such as arresting the AliBaba guy, and threatening the neighbours militarily which is causing the rest of the world to cut back on trade such as the US moving chip production away. I hope Xi doesn't go too nuts politically and start WW3 or something but otherwise I think China will do ok but not boom quite like the pre Xi period.

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