nixCraft 🐧Mar 5
While everyone busy with AI and war news, China set its lowest growth goal (4.5%–5%) since 1991, due to global and domestic challenges. India, the 4th largest economy, also struggles with high unemployment rates. These are warning signs from manufacturing and consumer driven economy of an upcoming disaster. Meanwhile, US growth relies solely on 7 mega companies with AI craze. It is not just China & India, EU, Japan other ex-USA economies are showing sluggish. (1/n)
https://www.bbc.com/news/articles/cqxddwl93qjo
China sets lowest economic growth target since 1991

It is also the first time the target has been lowered since it was cut to "around 5%" in 2023.

EmK Mar 5
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@nixCraft Let's address the elephant in the room: we all know that never ending growth is impossible. We all know that consumerism at the current rate is not sustainable. We all know how harmful the current system of capitalism is and it is about to break. We need to think what we can do to change things towards a more sustainable future, towards something that actually benefits society and the planet.
But we all run happily towards the end because change is difficult.
Mar 5 at 2:10pmWeb