By Peter St. Onge
"The last time China hit a recession, in 2008, Beijing dumped massive stimulus into the economy. This time, China's debt — over $50 trillion — has grown to the point it can't afford it."
35 sats \ 10 replies \ @Satosora 26 Sep
This is one of the reasons why l dont think brics is going to work.
Their money will become inflated like the us dollar.
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20 sats \ 9 replies \ @Undisciplined OP 26 Sep
It'll be worse, in my opinion, because they'll all be trying to cheat each other; more like EU than US.
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40 sats \ 8 replies \ @Satosora 26 Sep
It also doesnt help that they are trying to manipulate the data to look like their economy is strong.
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20 sats \ 7 replies \ @Undisciplined OP 26 Sep
True, although that's also like Europe and America.
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38 sats \ 6 replies \ @Satosora 26 Sep
Everyone manipulates data to a point.
China just does it in a way that is totally unrealistic.
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20 sats \ 5 replies \ @Undisciplined OP 26 Sep
Yeah, it's probably to a greater degree.
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21 sats \ 4 replies \ @Satosora 26 Sep
Its hard to believe any of the data that comes out of that place.
Do you remember how much they lied during covid?
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20 sats \ 3 replies \ @Undisciplined OP 26 Sep
Yeah, somehow it was even more than the US.
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32 sats \ 1 reply \ @Msd0457890 26 Sep
It is a situation that was coming. The actions that the government has taken against foreign companies and the crisis that the population in general is facing have turned China into chaos.
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0 sats \ 0 replies \ @Undisciplined OP 26 Sep
High youth unemployment is particularly concerning. That's the group that makes trouble when things aren't going their way.
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31 sats \ 1 reply \ @OT 26 Sep
How can China's foreign direct investment go negative? I know the CCP make it easy to get set up in China, and very difficult to leave.
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0 sats \ 0 replies \ @Undisciplined OP 26 Sep
That's a good question. I suspect it means that they're spending more paying back investments than they're receiving in new investments.
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