It's such a weird comment each time I see it, it takes a 5s Google search to debunk it.
China's total debt is like 300% gdp that is a sign of weakness, but hold on the US with a total debt of 900% gdp is just doing fine.
Chinese Economics Thread
- Thread starter Norfolk
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China's total debt is like 300% gdp that is a sign of weakness, but hold on the US with a total debt of 900% gdp is just doing fine.
Cut him some slack please. His favourite Anglo puppet the UK has started lockdowns.
He must be panicking that this will also happen in the West
This winter is starting to become a disaster season for the West
What's unsustainable debt? And compared to whom? The U.S., Japan? The U.S. alone has printed $6 TRILLION money it simply doesn't have and yet you seem unconcerned about it buddy. The last time the U.S. messed up their economy (2008) the whole world suffered and if it wasn't for China's massive infrastructure spending the economic recovery would have taken a lot longer worldwide. Ungrateful lots like you have this fake concern about China like the country is run by intellectual midgets coupled with the emotional maturity of babies, when the opposite is actually true.
If on the other hand your pseudo concerns and assessment for China materialize then at least that'll solve your China threat theory to rest since China's downfall will be a big sigh of relief for you and your western ilk. So just chill and enjoy your Starbucks latte or whatever drink you fancy. Do nothing and fix nothing in your own countries real endemic issues, assuming that the fall of China will cure the structural defects of your own societies terminal decline will make you realize that the enemy you sought and thought was looking at yourself every single day of your lives. That enemy is yourself and your hubris.
Maybe to vent this much is unwarranted. I think however you said something very true :
The belief in western circles that CCP and various agencies created thereof are inept and intellectually backward. I have noticed that belief taint the observations of these Ivory Tower residents. No, the world's second largest economy doesn't employ idiots. Many of them are exceptionally intelligent and has degrees from abroad as well as the best of Chinese educational institutions ( Tsingua, Harvard, Cambridge etc).
Likely these "observers" and doomsayers believe the CCP is running a puppet show with the agencies like SBIRC and PBOC. Better to leave them with their ignorance.
China's debt, private and public combined, is probably a lot more sustainable than your inflated and arrogant sense of self-importance, hubris, and racism.
M.Pettis is a total joke.
They are hoarding food and raw material and decreasing low quality exports.
@siegecrossbow Sir preparing for an eventual war or crisis?