“China is an investment addict”: Sridar Wambu wonders whether the Beying model is close to its end
Zoho’s founder Sridar Wambu raised a red flag over China’s economic model, calling it “fundamental disadvantage” and unsustainable. In the X’s announcement, Wambu criticized China’s relentless pressure on investment at domestic consumption, claiming that its export strategy at all costs forced other nations to import in excess – a system suspected could survive for another 25 years.
Wambu’s comments have been activated by the announcement that China has yet to restore the fall in the share of UU Ronji’s economic reform and WTO entry.
UU Ronji’s reforms have resorted the Chinese economy through SPO restructuring, modernization of the financial sector and market liberalization. His policy of Uuada Fanksia consolidated large state -owned companies (SPO), while privatizing the smaller, improving efficiency, but resulted in millions of job losses. In banking, he created companies for managing bad loans and encouraging banking privatization to introduce market competition.
The Tax Sharing System, modeled on the US federal structure, has increased central revenue and directs fiscal management.
On the Global Front, UU was instrumental at the WTO entrance to China in 2001, opening markets and reducing trade barriers. It also reduced tariffs, strengthening the Chinese economy by exports. Homemade, he halved bureaucracy, dealing with inefficiency and corruption. Although its policies caused significant layoffs, they stabilized inflation, strengthened the financial sector and fueled rapid economic growth, cementing China’s position as a global power plant.
Calling this “original sin” of China, Wambu claims that the country has created a structurally unbalanced economy that survived only through endless expansion of debts.
“The only way this system has” balanced “is endlessly increasing the debt (and thus money, because money itself is foreign debt in our system supported by money with a pure Fiat system). In the monetary system Sanner, import nations would literally “run out of money), so they could not retain imports,” he wrote.
This is not the first time Wambu sounded an alarm for economic imbalances. He also warned of India’s overwhelming confidence, arguing that its dominance “sucked all oxygen” from other critical industries such as production and primary engineering.
“When money gets into the industry too fast, it sucks resources and can leave us with less opportunities than before in other critical sectors neglected during the flood of money,” he said, comparing financial bubbles with “flood floods”.
His remarks hit a chord online, causing discussions about the excessive concentration of talent in it at the cost of other fields. One user complains: “There is no child who wants to go to non-that, hardcore branches of engineering, unless they have other options. Long -term damage to neglected production is real. “
