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I'll just add this: China's ever-accelerating demographic decay now makes long-term consumption-led growth impossible. The data is literally looking worse by the month.
Tnx to @piegunn for putting this on my radar. Great article on a critical topic. The only thing i'll add is that the bulge in the 5-15 year olds is likely fabricated. The Russians just expanded that age group a few years back with no explanation.
- this is some excellent work! Thanks for sharing! The single biggest shift I'm noticing here is the Russian position around #Kherson is collapsing. Until #Mariupol falls, the Russians cannot sufficiently reinforce there, or assault #Odessa. #UkraineWar