It could be everywhere but China does not mind, I think.
To continue to economically develop, they are willing to allow the people to go bankrupt and start over and rebuild. They will eat every dollar that disappears.
I don’t know if the government can survive without going back to the days of Mao, however. That’s unknown to me if even the government of China can survive that.
I have been watching a lot of videos on the Chinese economy lately ... I don’t think you are right. The Chinese economy is imploding from just about every angle. Their banks are getting wiped out. The rise of China was made possible by borrowing the economic engine the west spent 100 years building but with no safeguards, and all the leverage and fiduciary shortcuts are now catching up with them. The government is doing everything it can to keep the Chinese stock market from a 1929 level extinction event. Heck, this is more like 2008 meeting 1929. The housing bust is causing the stock bust.
I don’t know if the government can survive without going back to the days of Mao
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Too late. Xi Jinping has already brought the country back to the good old days of Mao.