this post was submitted on 28 Aug 2023
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[–] [email protected] 13 points 1 year ago (2 children)

China bet hard on developing countries because the developed world isn't growing at a rate that can keep up with China's economic growth targets. In fact, we're very quickly running towards the crossover point for Chinese trade dependence on the West vs. on the rest of the world.

Also, a big chunk of Chinese exports to the West is in computers and consumer electronics... Markets which have seen a huge slowdown due to commoditization and aggressive political lobbying from the US.

[–] [email protected] -2 points 1 year ago (1 children)

You hit the target exactly on the spot, I hope you're already diversified in crypto in preparation

[–] [email protected] 3 points 1 year ago

Spamming the entire comment section with this. But maybe, diversify back into some fiat