Time for a gory little war to juice the economy back up.
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Consider:
"China's is officially reported as having a debt-to-GDP ratio of 83% by the IMF. Using the World Economics GDP database, China's GDP would be $33,694 billion - 25% larger than official estimates, China's debt ratio would be smaller at 66.5%"Given the penchant of the media -- remember the Covid pandemic hysteria? -- to press forward with shrieks, one should probably proceed slowly with any evaluation.China's Debt-to-GDP Ratio World Economics citing IMF, 66.5% in the last year
Debt to GDP Ratio by Country 2024 World Population Review, 77.1 % in 2022
National debt in relation to gross domestic product (GDP) in China from 2012 to 2022 with forecasts until 2028 Statista. 82.98%
China Government Debt to GDP circa 78%
Everything we buy is from China, how could things be bad there?
What has kept China together so far has been the belief that things were getting better, and that their children would have a better life.
Break that assumption, and you break the society.
They’ll be fine. They just need to reduce their population by 33%, before May 1. They’ve done it before.
They’ll be fine. They just need to reduce their population by 33%, before May 1. They’ve done it before.
China might have its stuff sold with Chinese branding and without American brand markups.
Do China’s economic woes pose serious contagion threats to our economy and or the world outlook? I seem to recall the great crash of ‘29 began in Europe.....