“Yep, I just got a check for $1000!”
1000 yuan? That’s all?
(-;
Joking aside, China being broke is not mutually exclusive. We can be broke too.
“Joking aside, China being broke is not mutually exclusive. We can be broke too.”
That is correct, Megan! But some, especially freepers, seem to get an unjustified and inordinate amount of glee at other people dirty laundry when ours reeks even worse.
I’m having a hard time believing that about half a trillion of bad loans is going to sink an economy the size of ours in PPP term ($32 trillion).
They have a printing press too, like we do. I bet whatever rough waters they go through it wont be anything as bad as our subprime mess of 2008.
Now, I say all this not because I’m a cheerleader for China, but because I have a certain attachment to facts and reality. Don’t overestimate your ability or underestimate those of your adversary/competitor. So far, that attitude has served me OK in my life.