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To: AdmSmith
go for a consumer society as soon as possible

It won't help staving off impending debt crisis. Such a transformation won't happen overnight. I don't believe China has enough money to burn to hold debt crisis in check until it becomes a full consumer society, and generate enough earnings to pay down all debts accumulated along the way.

19 posted on 05/22/2016 2:39:26 AM PDT by TigerLikesRooster
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To: TigerLikesRooster

I agree that it will take time, thus they should start as soon as possible. But, it will be a debt crisis in any case.

Here are more vulnerable countries:

Exports of goods and services (% of GDP)

http://data.worldbank.org/indicator/NE.EXP.GNFS.ZS


20 posted on 05/22/2016 2:44:15 AM PDT by AdmSmith (GCTGATATGTCTATGATTACTCAT)
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To: TigerLikesRooster; AmericanInTokyo
人民日报

As the document concluded, the Cultural Revolution, initiated by the national leader and exploited by the reactionaries, is an internal chaos bringing disasters to the party, the country and the people. The history has proved that the Cultural Revolution was totally wrong in its theory and practice.

http://en.people.cn/n3/2016/0517/c98649-9059031.html
22 posted on 05/25/2016 9:52:59 AM PDT by AdmSmith (GCTGATATGTCTATGATTACTCAT)
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