Winnnnnnnn-ing
Like I said on an earlier thread.
China will get back in at half the price.
This thread and others seem to indicate that China is running out of cash.
http://freerepublic.com/focus/f-news/3784183/posts
It’s only $5 billion. But is it a worthwhile investment? I’ve also heard that China has a bigger national debt even worse than the US debt.
Iran can no longer pay the Chicoms in dollars, and they can get cheap natural gas anywhere, particularly from the Central Asian countries along the “One Belt, One Road” pathway, without all the headaches the Iran deal brings with it.
China’s economy is slowing down and slowing down quick.
The official percentage of growth for 2018 was 6.4%, the worst since 2008.
Never accept China’s official numbers because they lie.
Economists, when looking at more comprehensive numbers like retail sales and manufacturer orders, estimate that China is really experiencing negative growth.
More distressing is that $3.2 Trillion of China’s $4.6 Trillion debt is held in Dollars.
In order to counter US tariffs of at least 10%, China has been aggressively devaluing it’s currency. Just last month, it devalued the Yuan by over 5%.
Effectively, devaluing the Yuan/RMB makes all that Dollar denominated debt more expensive. That 5% drop cost China $160 Billion dollars.
And China is stated it will devalue it currency in line with any tariffs imposed by the US.
If the trade war continues, China’s entire cash reserves could disappear very quickly.
Economically, I’d much rather be Trump than Xi.