Fact-checked by Grok 2 weeks ago

Garbage time

Garbage time denotes the trailing segment of a timed athletic contest, most commonly in or , during which one competitor holds an overwhelming lead sufficient to preclude any realistic prospect of reversal, prompting coaches to bench primary athletes in favor of reserves while conserving energy and minimizing injury risk through desultory play. This phase empirically manifests when the margin exceeds thresholds calibrated to game duration, such as approximately ten points with minimal time remaining, adjusted upward for earlier onset to account for probabilistic comeback feasibility based on historical scoring rates. Such intervals afford opportunities to assess substitute efficacy under low-stakes conditions, though they complicate performance by inflating peripheral metrics absent competitive pressure. The concept underscores causal dynamics in lopsided encounters, where rational actors prioritize resource preservation over futile exertion, reflecting first-principles incentives in zero-sum scenarios with foreordained results. In professional leagues like the NBA, garbage time routinely skews end-game statistics, prompting statisticians to isolate "" versus "non-competitive" segments for accurate talent evaluation, as unchecked inclusion distorts ratings derived from inflated scoring amid defensive lapses. Notable instances abound, including prolonged fourth-quarter substitutions in blowouts that reveal bench depth or, conversely, expose vulnerabilities if reserves falter. Controversies arise over its interpretive boundaries—debates persist on whether apparent garbage time can precipitate improbable rallies, challenging assumptions of inevitability, though data affirm rarity beyond predefined margins. Beyond athletics, the term has analogously permeated discourse on inexorable declines in non-sporting domains, such as or political tenures perceived as post-viable, evoking analogous resignation to predetermined trajectories devoid of substantive agency. In contemporary usage, commentators have invoked "garbage time of " to characterize perceived terminal phases of national prosperity amid structural headwinds, highlighting the phrase's versatility in denoting causal exhaustion across contexts. This extension preserves the original's empirical core: intervals where incremental efforts yield negligible marginal impact, informed by observable patterns rather than normative .

Etymology and Definition

Origin of the Term

The term "garbage time" first entered documented usage in 1960, referring to the concluding portion of a sports contest where one side maintains an insurmountable advantage, with play continuing formally but without meaningful competitive impact. This idiom originated in American basketball commentary, where it described the low-stakes minutes often filled by bench players in lopsided games, evoking the notion of worthless refuse due to the degraded quality and irrelevance of the action. Broadcaster , who began calling games in 1961 and continued until 2002, is credited with coining the phrase amid his invention of numerous expressions during live radio and television broadcasts. Early adoption reflected evolving sports in U.S. media coverage of blowouts, emphasizing periods when starters rested and substitutes participated in desultory play that held little bearing on the final score or team evaluation. The concept distinguishes itself from "," a tactical to expend time and safeguard a lead before the outcome is sealed, by focusing instead on the ensuing futility after victory or defeat is assured, where actions serve no strategic purpose. This sports-rooted terminology quickly permeated print and broadcast discussions of decisively uneven matches, underscoring the artificial prolongation of games under fixed-duration rules.

Core Meaning in Sports Contexts

In timed sports competitions, such as and , garbage time denotes the concluding phase where a decisive score margin renders a comeback mathematically improbable, even assuming optimal by the trailing team. This occurs when the lead surpasses the points attainable in the residual duration, factoring in realistic scoring rates; for example, in (NBA) games, a of approximately 20 points with under two minutes remaining in the fourth quarter typically qualifies, as teams average about 1.1 points per and possessions consume roughly 24 seconds each under shot-clock rules. Rules enforcing fixed game lengths compel continuation of play despite the , decoupling actions from outcome influence and shifting incentives toward non-competitive objectives. Coaches respond by benching starters to preserve or evaluate depth, introducing reserves who face diminished opposition, which facilitates inflated individual outputs like unchecked three-point attempts or uncontested rebounds. frameworks operationalize this via thresholds combining margin size, time elapsed, and starter substitutions—e.g., fewer than three starters per team —yielding identifiable segments where effort wanes and experimental tactics emerge without strategic penalty. Such periods manifest more prevalently in asymmetrical contests, where superior teams establish dominance early, per play-by-play data analyses excluding these minutes to preserve metric fidelity. In NBA contexts, garbage time correlates with elevated bench scoring variances, as reserves exploit lax defenses for disproportionate contributions—evident in season-long trackers isolating these stats to reveal how unfiltered inclusion distorts player ratings by up to 15-20% in blowouts. This exclusion practice in advanced metrics underscores the distortion: relaxed between plays and victory probability generates non-representative data, more so in leagues with high variance like than in lower-scoring sports.

Application in Sports

Criteria for Identification

Garbage time in sports is typically identified using quantitative models that incorporate point differentials, time remaining, and league-specific scoring rates to determine when the trailing team's chance of drops below thresholds such as 5% or 10%. These models prioritize improbability of over subjective perceptions, down-weighting or excluding plays where outcomes are effectively decided to isolate competitive from meaningless minutes. Coaching decisions provide a causal confirmation of garbage time, as substituting out starting players signals acceptance of defeat and shifts focus to rest or evaluation rather than competition. For instance, when fewer than three starters remain active across both teams in the final period amid a substantial lead, this aligns with algorithmic filters that flag non-competitive play. Such criteria distinguish garbage time from close contests or overtime, where win probabilities exceed low thresholds due to persistent uncertainty, or from scenarios like an NFL team trailing by 14 or more points entering the fourth quarter without sufficient possessions for a realistic comeback based on average scoring. In contrast, games approaching these benchmarks but rebounding—such as a lead shrinking to within 8 points—temporarily halt garbage time classification until the margin expands beyond recovery levels.

Variations Across Sports

In , the continuous flow of play and high scoring frequency—averaging around 100 points per team in NBA games—facilitate rapid lead expansions, enabling garbage time to emerge earlier than in slower-paced sports, sometimes as soon as the second quarter during extreme blowouts. This contrasts with , where the stop-start nature, with plays lasting seconds amid frequent pauses, prolongs segments before a decisive margin forms; define garbage time thresholds by quarter, such as a 36-point lead in the second or 26 points in the third for contests, reflecting the game's deliberate pacing and clock-stopping mechanics. In team sports with constrained substitution rules, such as , garbage time manifests less distinctly due to limited player rotations— permitting only five substitutes per match since the 2020-2021 season—which compel starters to remain active longer, sustaining competitive intensity even amid deficits. shares timed periods but features more fluid line changes, akin to basketball's bench depth, though its lower scoring rate (around 6 goals per team in NHL games) delays insurmountable leads compared to basketball's volume. Baseball deviates fundamentally from timed formats, lacking a clock and adhering to a fixed nine-inning , rendering traditional garbage time inapplicable; blowouts instead produce "garbage " where trailing teams continue batting and fielding without temporal urgency, as outcomes resolve only upon completion regardless of margin. This -based progression, analyzed in contexts, underscores how non-temporal rules preserve play continuity over clock-driven irrelevance seen in or .

Effects on Gameplay and Statistics

During garbage time, players frequently shift toward individualistic play, chasing personal such as buzzer-beaters, long-range shots, or high-risk passes at the expense of team cohesion and structured offense. This results in sloppy execution, with reduced unselfishness and increased turnovers or inefficient possessions, as the competitive stakes diminish and incentives align more with individual highlight opportunities than collective strategy. Such dynamics inflate performance metrics, particularly for bench players who log extended minutes and accumulate outsized contributions in low-leverage scenarios, distorting raw averages like or efficiency. For example, trailing teams' reserves may post elevated scoring bursts without defensive resistance, while leading squads' substitutes pad assists or rebounds in unchallenged transitions, compromising the integrity of season-long . providers mitigate this by applying garbage time filters—excluding possessions when score differentials exceed thresholds (e.g., 20+ points late in games)—to derive adjusted metrics that better reflect competitive play. Coaches exploit the period's strategic irrelevance to rest starters, test experimental lineups, or evaluate depth, yet physical risks persist, including injuries from unchecked or among second-stringers. Empirical underscores the rarity of comebacks from these margins; while isolated NFL rallies (e.g., trailing teams scoring late against prevent defenses) occur, they represent outliers, with filters retroactively reclassifying such segments as non-garbage time if the lead erodes sufficiently.

Extended Metaphorical Uses

In Politics

In United States politics, the "garbage time" metaphor has been applied to late-stage election campaigns where momentum decisively favors one candidate, rendering remaining efforts performative despite ongoing formalities. During the 2024 presidential race, commentator Susan B. Glasser described the period after the Republican National Convention as "garbage time at the 2024 finish line," highlighting institutional technocrats' futile struggles to contain Donald Trump's resurgence amid evident outcome shifts. Similarly, lame-duck congressional sessions illustrate the concept, as outgoing administrations advance policies with diminished leverage; the Trump administration, for example, persisted with aggressive anti-immigration proposals in December 2020, even after electoral loss, prioritizing ideological crusades over pragmatic adaptation. The term has proliferated in non-Western contexts, notably in , where "garbage time of history" emerged as a phrase in 2024 among online netizens to signify perceived terminal stagnation under Xi Jinping's centralized rule. Coined by essayist Hu Wenhui, it captured public frustration with economic slowdowns—evidenced by exceeding 17% in mid-2024 and property sector collapses—and societal , including discussions sparked by suicides among young professionals, implying no viable path to reversal absent systemic upheaval. State-affiliated media countered aggressively, labeling it a "false proposition" unfit for refutation, amid of related posts on platforms like , underscoring tensions between elite narratives of resurgence and grassroots fatalism. Analogies to historical precedents reinforce the metaphor's political utility. Chinese commentators frequently likened their scenario to the , positing that the USSR entered "garbage time" by the mid-1970s—or explicitly from under Brezhnev's stagnation—due to leadership's rejection of economic and political reforms, culminating in despite superficial continuities. This framing, while dismissed by official outlets as defeatist, highlights causal patterns of entrenched power resisting adaptation, a viewpoint echoed across ideologies but contested by proponents of gradualist reforms who argue outcomes remain contestable through policy tweaks rather than inevitability.

In Economics and Society

In 2024, the term "garbage time" gained traction on social media as a for the economy's perceived entry into an irreversible decline phase, characterized by slowing , high , and faltering consumer confidence amid structural rigidities such as excessive state intervention in markets and overreliance on debt-fueled investment. This meme emerged against a backdrop of GDP dipping below official targets, with comprising up to 30% of economic activity contracting sharply, exacerbating deflationary pressures and policy paralysis where stimulus measures failed to restore dynamism due to entrenched control over . Analysts attribute this inertia to a "dead-end" model, where reforms to liberalize markets have stalled, leading to persistent overcapacity in sectors like and a credit-to-GDP exceeding 300% by 2019, further entrenching inefficiency. The societal ripple effects include younger generations adapting to this perceived futility by redefining success away from high-stakes toward modest consumption and personal fulfillment, as evidenced by shifts in spending habits among approximately 500 million middle-class and urban youth who prioritize essentials over amid stagnant wages and job scarcity. This behavioral pivot reflects broader systemic inertia, where irreversible demographic declines—such as a shrinking workforce projected to contract by 5 million annually—and failed structural adjustments echo patterns in historical economic bubbles, rendering traditional productivity-enhancing reforms ineffective. In corporate contexts, "garbage time" analogizes to "zombie firms"—unprofitable companies sustained by cheap credit that continue operations despite , distorting aggregate economic metrics like GDP by misallocating away from viable enterprises. Empirical data show zombies comprising up to 9% of listed firms globally by 2022, stifling overall by 0.5-1% annually in affected economies through resource hoarding, with China's state-backed lending prolonging such entities and inflating reported output while suppressing . This phenomenon underscores causal realism in economic decline, where forbearance policies delay necessary , perpetuating inefficiency until external shocks force resolution.

Notable Examples and Case Studies

In the context of the 2024 United States presidential election, the term "garbage time" was applied to the final weeks of campaigning, as described in a New Yorker analysis published on October 31, 2024, which portrayed technocratic interventions by the Biden administration and allied institutions as futile efforts amid Donald Trump's widening lead in national polls. With Trump securing 312 electoral votes on November 5, 2024, against Kamala Harris's 226, the piece argued that post-2016 institutional strategies—such as legal challenges, media amplification of scandals, and bureaucratic resistance—had exhausted their impact, rendering late-stage maneuvers akin to prolonging a decisively lost contest. This perception stemmed from causal factors including voter fatigue with inflation (peaking at 9.1% in June 2022 under Biden), immigration surges (over 10 million encounters at the southern border from 2021-2024), and Harris's unfavorable approval ratings (averaging 38% in October 2024 polls), which collectively eroded Democratic momentum beyond recovery. In , the phrase "garbage time of history" gained traction among s in 2024 to characterize , originating from a 2023 WeChat post by essayist Hu Wenhui, who defined it as the phase when a system halts progress yet lingers without collapse, drawing parallels to irreversible decline. By July 2024, amid signals of slowdown—including a property sector crisis ( accounting for 25-30% of GDP, with Evergrande's $300 billion debt default in 2021 as a trigger) and exceeding 17%—state media rebuked the term's viral spread on platforms like , where users expressed disillusionment over futile personal striving in a structurally trapped . Government stimuli, such as the September 2024 package injecting 12 trillion yuan ($1.7 trillion) into infrastructure and consumer support, failed to dispel long-term , as November 2024 reports noted persistent netizen gloom over demographic collapse (fertility rate at 1.0 births per woman) and overcapacity in , fostering a sense of scripted inevitability. Historically, the Soviet Union's stagnation from the mid- onward has been analogized as an archetypal garbage time, particularly during Leonid Brezhnev's tenure (1964-1982), when refusal to enact market-oriented reforms amid oil revenue dependency (peaking at 50% of exports) led to systemic sclerosis, with GDP growth decelerating to under 2% annually by 1980. This era's causal chain—inflexible central planning, (evident in the 1970s shadow reaching 20-30% of GDP), and technological lag—mirrored warnings in contemporary Chinese discourse, where parallels to Soviet ossification highlight risks of prolonged irrelevance before potential rupture, though Beijing's counters such comparisons by emphasizing adaptive policies absent in the USSR case.

Criticisms and Analytical Perspectives

Validity of the Metaphor

The "garbage time" metaphor holds validity as a descriptive tool because it captures the causal reality of outcome , where prior accumulations of advantages or disadvantages render subsequent efforts largely inconsequential, akin to fixed rules in compelling play despite inevitability. In , empirical analyses confirm this through low probabilities of once deficits exceed thresholds; for instance, comeback success rates in such as and typically fall below 5%, reflecting statistical rarity after leads solidify. This mirrors non-sports domains via sunk costs—irrecoverable investments that propel continuation—and institutional inertia, which resists pivots due to entrenched structures and uncertainty, as evidenced in economic meta-analyses showing persistent effects across contexts. The metaphor's strength lies in illuminating inefficiencies often glossed over in mainstream narratives, such as futile in trajectories of decline; for example, China's official GDP growth of 5% aligned with targets, yet independent estimates pegged real expansion at 2.4–2.8%, underscoring discrepancies between reported and underlying stagnation. It thus facilitates first-principles assessment, prioritizing over sunk-cost fallacies that sustain unproductive paths. However, limitations arise from the metaphor's potential to induce premature capitulation, as rare black-swan reversals in —though under 5%—analogize to improbable policy or economic turnarounds that defy , potentially undervaluing adaptive interventions. Overall, its utility endures in prompting strategic reallocation, provided it integrates probabilistic rather than .

Counterarguments and Alternatives

Critics argue that the "garbage time" metaphor overemphasizes at the expense of human agency and adaptive potential, potentially discouraging proactive reforms by portraying decline as inexorable. For instance, in discussions of China's economic challenges, commentator warned that the seduces youth into passivity, ignoring opportunities in sectors like and where persists despite slowdowns, as evidenced by China's continued filings exceeding 1.6 million in 2023. This view posits that structural adjustments, such as diversification or policy shifts toward consumption, can avert terminal stagnation, countering the metaphor's implication of futility. Chinese has explicitly rejected the "garbage time of history" as unfounded , asserting that it misrepresents the nation's and ongoing under centralized . Official outlets like Beijing Daily dismissed the concept as a "false proposition," emphasizing precedents of recovery and current metrics such as GDP growth of 5.2% in 2023, which outperformed many advanced economies. Such rebuttals frame the term as a product of external or internal rather than empirical reality, prioritizing narratives of continuity over rupture. Alternative frameworks emphasize "transition periods" or "pivotal endgames," where drives renewal rather than resignation. In right-leaning analyses, these highlight deliberate policy pivots—such as or demographic incentives—to harness untapped capacities, as seen in historical U.S. recoveries post-1970s via market-oriented reforms that restored growth without awaiting collapse. Left-leaning perspectives often recast apparent declines as cyclical adjustments amenable to redistributive interventions, downplaying irreversibility to sustain institutional faith. Empirical challenges to the include cases where predicted "garbage time" outcomes failed to materialize due to unforeseen , such as the 2024 U.S. , where pre-election forecasts of Democratic inevitability were overturned by voter realignments yielding a popular vote margin of approximately 1.5 million and dominance. Analysts caution that the concept risks inducing , which preserves flawed status quos by eroding incentives for contestation, as evidenced in prolonged Soviet stagnation where ideological rigidity amplified decline signals over adaptive signals.

References

  1. [1]
    Guide - Garbage Time /// Stats /// Cleaning the Glass
    If the leading team regains control and expands the lead back out, garbage time would start when the score went back above 10. This might not capture all of ...
  2. [2]
    NBA Garbage Time Player Stats from 82games.com
    We elected to use the following definition of "garbage time" moments: 4th quarter and overtime where either team has a lead of 10 points plus one point for each ...
  3. [3]
    The Truths About Garbage Time in the NBA - Bleacher Report
    Mar 8, 2018 · That game is "garbage time," or the remaining time on the clock when the outcome of a game has been decided. It's a time that delicately ...
  4. [4]
    'Garbage time': China's slump spins out new meme of economic ...
    Jul 17, 2024 · The fatalistic tag “garbage time” began popping up on social media platforms over the past month. It was given a more recent boost when state ...
  5. [5]
    Chick Hearn | US sports - The Guardian
    Aug 7, 2002 · Hearn coined "garbage time" for the minutes played by substitutes after the result was evident, named Chamberlain's signature shot a "finger ...
  6. [6]
    This Day In Lakers History: Chick Hearn Becomes First Broadcaster ...
    Sep 5, 2025 · Terms like 'slam dunk,' 'airball,' 'triple-double,' 'finger roll,' 'give and go,' and 'garbage time' were all created by Chick. While he is no ...
  7. [7]
    Identifying garbage time on NBA play-by-play - NBA in R
    If the leading team regains control and expands the lead back out, garbage time would start when the score went back above 10. This might not capture all of ...
  8. [8]
  9. [9]
    [PDF] arXiv:1810.08032v1 [stat.AP] 18 Oct 2018
    Oct 18, 2018 · a “win-probability” framework (Deshpande and Jensen (2016)), which removes the effects of. “garbage time” minutes. APM appeared in hockey ...
  10. [10]
    “This is fine”: the impact of blowouts on subsequent game ... - NIH
    Jan 8, 2024 · In the NBA, it is common to pull the starters out of the game when a win is imminent [i.e., often referred to as garbage time (7)]. The process ...
  11. [11]
    Defining 'Garbage Time' - PFF
    Nov 30, 2012 · Garbage time is the portion of an NFL game where play-calling on both sides of the ball is disrupted by game situation.
  12. [12]
    The Kings of Garbage Time - Daily Norseman
    Aug 24, 2021 · I called garbage time any time one's team was ahead or behind by 17+ points in the 3rd quarter, and/or ahead or behind by 14+ points in the 4th.Missing: thresholds | Show results with:thresholds
  13. [13]
    Fun with game states in college football
    Oct 20, 2017 · Garbage time doesn't kick in until a team is up 36 in the second quarter. Garbage time doesn't kick in until a team is up 26 in the third ...
  14. [14]
    Running out the clock Facts for Kids
    Jun 14, 2025 · One common way to waste time is by making substitutions late in the game. This takes time while players leave and enter the field. Players might ...<|separator|>
  15. [15]
    The actual playing time of sports - Mike Crittenden
    Jun 8, 2021 · That's wild. And it's easy to point to that and say “watching football is a waste of time” but I think that's missing the point.
  16. [16]
    The Gods and Dogs of Garbage Time | The Hardball Times
    Feb 18, 2008 · A player who really performs better in garbage time—a Garbage Time God, frankly isn't as valuable to his team as his stat line indicates.
  17. [17]
    [PDF] The Competitiveness of Games in Professional Sports Leagues
    These portions of the game are referred to as “garbage time” in basketball or a “blowout” in baseball. Previous work on shooting decisions by players in NBA ...
  18. [18]
    Garbage Time What transpires when the outcome is decided but the ...
    Nov 22, 1999 · Garbage time is the ultimate example of the latter. It's when almost all pretense of team play is aban-doned, often leading to spectacularly sloppy basketball.<|separator|>
  19. [19]
    Garbage Time at the 2024 Finish Line | The New Yorker
    Oct 31, 2024 · Garbage Time at the 2024 Finish Line. Nine years in, Trump is in reach of another term as the technocrats struggle to contain him.Missing: business | Show results with:business
  20. [20]
    [OPINION] Garbage time: The continuing crusade against immigration
    Dec 17, 2020 · 'Team Trump is still pushing its extreme anti-immigration agenda across the board even in garbage time, still throwing out policy proposals ...
  21. [21]
    Dejected Social Media Users Call 'Garbage Time' Over China's ...
    Sep 13, 2024 · Dejected Social Media Users Call 'Garbage Time' Over China's Ailing Economy. The sports term refers to a time during a game when defeat becomes ...
  22. [22]
    'Garbage time of history': Chinese state media pushes back on ...
    Jul 17, 2024 · “Is there any 'garbage time' in our history? This is a false proposition that is not worth refuting,” the Beijing Daily writer declared in the ...
  23. [23]
    The Game Isn't Over for China But It Is 'Garbage Time'
    Sep 22, 2024 · It entered its own “garbage time of history” in the mid-1970s when Soviet leaders refused to adopt much-needed economic and political reforms.
  24. [24]
    'Garbage time of history' | MCLC Resource Center - U.OSU
    Aug 6, 2024 · Coined by the essayist Hu Wenhui in a 2023 WeChat post, “the garbage time of history” refers to the period when a nation or system is no longer ...
  25. [25]
    Chinese netizens wonder if their economy is in “garbage time”
    Nov 7, 2024 · Chinese netizens wonder if their economy is in “garbage time”. As the government tries to stimulate growth, some gloomily ponder the long term.
  26. [26]
    China economy: 'Garbage time of history' as growth model dead-ends
    Sep 8, 2024 · China laments 'garbage time of history' as economy comes off peak and growth model hits dead end, expert says.
  27. [27]
    Is China's Economy Entering 'Historical Garbage Time'? Part 1
    Jan 27, 2025 · ... garbage time of history.' The apparently made-in-China phrase injects a term from basketball – the ragged final minutes of a game when the ...
  28. [28]
    Living in 'garbage time': when 500 million Chinese change their ...
    Apr 1, 2025 · But “garbage time” is also making room for younger and middle-class Chinese to redefine success and contentment. With good jobs, luxury goods ...
  29. [29]
    how the rise of zombie firms is affecting the global economy
    In China, zombie companies are partly responsible for the country's soaring debt, which rose above 300 percent of GDP for the first time in 2019 (see Fig 3). ...
  30. [30]
    The Rise of the Walking Dead: Zombie Firms Around the World in
    Jun 16, 2023 · We build a new dataset of listed and private nonfinancial zombie firms for a large set of Advanced Economies and Emerging Markets over the last two decades.
  31. [31]
    Confronting the zombies - OECD
    Analysis and insights for driving a rapid transition to net-zero while building resilience to physical climate impacts.
  32. [32]
    The rise of the walking dead: Zombie firms around the world
    Our estimates indicate that zombie firms accounted for 9% of all listed firms in 2022, which compares with over 6% in 2021 for private firms. The lower ...Missing: GDP | Show results with:GDP
  33. [33]
    Word of the Week: Garbage Time of History (历史的垃圾时间, lìshǐ de ...
    Aug 1, 2024 · the garbage time of history” refers to the period when a nation or system is no longer viable—when it has ceased to progress, but has not yet ...
  34. [34]
    Win three-sets sports: Game patterns, gender comparisons, and ...
    Apr 23, 2025 · However, we observed comeback rates that are much lower hovering below 5% in all the sports studied. Making a comeback is indeed a rare feat ...Missing: garbage | Show results with:garbage
  35. [35]
    On the sunk-cost effect in economic decision-making: a meta ...
    Sep 19, 2014 · This article presents the results of a meta-analytic review on studies that elaborate on the influence of sunk costs on economic decision-making ...
  36. [36]
    [PDF] The Dynamics of Inertia: Institutional Persistence and ... - MPG.PuRe
    Sunk costs, uncertainty, and potential conflict put a premium on institutional conservatism. They reduce the attractiveness of institutional alternatives and ...
  37. [37]
    China's Economy Report Card for 2024: GDP, Trade, FDI
    Jan 20, 2025 · China's economic performance in 2024 saw a return to steady growth, achieving a 5 percent GDP expansion in line with the government's target, as ...China's GDP in 2024 · Quarterly growth · Sectoral trends · Fixed asset investment
  38. [38]
    After the Fall: China's Economy in 2025 - Rhodium Group
    Dec 31, 2024 · By our estimates, China's GDP growth in 2024 improved modestly to around 2.4% to 2.8%, well below target. If it stimulates domestic demand ...
  39. [39]
    The Lingering Effects of Our Past Experiences: The Sunk‐Cost ...
    Sep 2, 2011 · In related fields, sunk costs were often evoked to explain personal, organizational, and politico-economic behavior such as the failure to fire ...
  40. [40]
    China's Youth Should Not Be Seduced By “Garbage Time” Meme
    Sep 30, 2024 · The most convincing reason not to succumb to “garbage time” futility is that even failure and frustration provide enormous opportunities for growth.
  41. [41]
    Beijing rebukes brimming pessimism of “garbage time of history”
    Jul 13, 2024 · The "garbage time of history" means a sense of disillusionment and powerlessness as larger historical forces render personal efforts seemingly inconsequential.