Is China’s Overall Economy Really That Stable?
Posted by China Sourcing CommentatorDec 4
Their government has given out tons of loans that they will never be paid back for.
The currency reserves they have will be worthless if the american dollar collapses.
Their manufacturing lines are only good for manufacturing items americans will buy, and americans can’t buy them anymore.
Their human rights record is probably worse than ever.
Their television is….okay.
What do you think?
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if their economists play their cards well and stabilise the economy with good monetary policies, the economy can expand or contract to avoid a bubble burst or a deep recession. otherwise, the faster the balloon is blown, the faster it will burst.
China is growing at an amazing rate but trying to maintain a communist government and capitilizm at the same time is causing issues I predict a major depression or colapse at some point and they will have to choose which way to follow.