“China has been faking their growth numbers for years. There is no actual way their economy has grown at all this year.”
They can fake all they want, yet EVERY time I see a table of raw material consumption, they are on top, sometimes by an ORDER OF MAGNITUDE...and those numbers DO NOT come out of China.
So I guess they could be throwing half the world’s coal into the Pacific (for example), but I kind of doubt that’s what they’re actually doing, since it costs DOLLARS to buy that coal.
Their raw material consumption is not fake, but if what they do with does not ultimately yield ROI, then in the end it does not help their economy and in fact hurts it because they have to pay back the month they spend on those resources most of which is financed by debt.
For example, if you build a city full of building, that will consume a ton of raw materials. But if ultimately no one wants to buy an apartment and live there. They yo have a ghost city, and the bank that financed you construction needs to be paid back with interest, or it will go bankrupt, taking all the depositor’s money with them when it falls.