> Because a lot of their decisions are irrational and it is extremely difficult to have an opponent that does irrational decisions.
While I disagree in general, I downvoted because of that statement. The decisions of the Chinese government make sense in context. They are not an irrational actor just because some of us don't understand their motivations, or because they don't align with western interests. The process is obscure, which makes it frustrating, but there is logic and grand strategy involved.
That is true (see infrastructure investments). The irrational decision makers are mainly in private enterprises. In my opinion because they are used to 10% growth. They will have to change or their companies will go belly up.
Many Chinese (both in Private and SOE) are complaining that there is a "downturn" right now. This is NOT a downturn. It will never be 10% growth. They have not realized that the game has changed.
While I disagree in general, I downvoted because of that statement. The decisions of the Chinese government make sense in context. They are not an irrational actor just because some of us don't understand their motivations, or because they don't align with western interests. The process is obscure, which makes it frustrating, but there is logic and grand strategy involved.