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It's kind of tough to find China on GDP/debt charts. Here is one from 2021, so it's a couple of years out of date. There must be another factor if your statement is accurate.
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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.
My point is that China is willing to let this happen to right-size its economy. It’s built the infrastructure on the world’s money and it will keep that and nobody will be able to take it away. It will just reset and start growing, like a giant Iceland.
I could be wrong that China is as affected by overspending just like every country is because economics is economics. However, China is willing to pay the price through millions of deaths to get through its troubles. It will let it happen, millions might die, and it will start rebuilding once it hits bottom.
I don’t think China ends, even its fascism-communism, with its troubles. I am willing to be wrong, however.
In China, people buy houses (really apartments) for investments. But they never actually live in them or rent them out. They exist in ghost cities and these apartments are little more than shells. And, really, if someone tried to live in them they would find it impossible. In many cases, these are high rises with no heat or even electricity. And the Government actively encourages people to invest in order to create jobs.
Also, building standards in China are horrendous. I personally toured some “new” (inhabited) developments that lacked air conditioning, elevators, and the concrete was cracking badly. They also build highrises anywhere, even next to slums.
Chinese real estate investors should be angry, but in the past they often are able to sell these Ghost city real estate at a profit. But I think that era has come to an end. Brace for lots of anger.
Cmon, man….BRICS is gonna bury tha dallah.
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It's kind of tough to find China on GDP/debt charts. Here is one from 2021, so it's a couple of years out of date. There must be another factor if your statement is accurate.
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