Geopolitics Decanted with Dmitri Alperovitch

China's Economic Peak Is Behind It: Credit Stalls, Deflation Looms

China's share of global GDP peaked in 2021 and has fallen since; credit growth has dropped from 18% to 5%, real growth may be just 1.5%-2%, and the US has now outperformed for five straight years. The supply-chain-dominance narrative is falsified by the data; the future looks more like Japanese-style deflation.