Yeah, I'm REALLY worried about what happens to China.
Not.
If China goes down, then it will affect all markets and possibly lead to World War.
Hopefully, it will never come to that.
You should be. Greece is a farce, with no recourse other than to drink more ouzo and snivel a little more. The only long-standing grudge they have is against Turkey and they have not really cared about that one for 40 years.
China OTH manufactures a lot of the consumer goods we buy weekly, holds hundreds of billions of Treasury Bonds which they could unload quickly if they need liquidity (which they will soon), and has a large population of single men that are of military age. Their hardware is not comparable to ours, but at a certain point, quantity acquires a quality all its own.
And let’s not forget the grudges... Japan, Taiwan, us, Russia, Vietnam, India; all are looked upon with varying degrees of hostility, dislike, and contempt by China.
So what does a country with a chip on its shoulder, a lot of young unmarried men, and a lot of hardware do when those young men don’t have jobs, Jim?
Perhaps you should be worried
Do you think billions of Chinese will accept standing in soup lines and the Chinese government will start a CCC to put them back to work?
War has always been an employer of last resort. So where how and when does China go to war?