Trump’s fault! No brainer.
$1.9 trillion
$1.2 trillion
$3.5 trillion
That $350 billion is nothing but a crumb.
It’s the sort of mistake that happens when AOC uses a calculator.
We can’t even unload enough ships from China, never mind make all the stuff, pack it and ship it.
Evergrande is going to stiff the non yuan denominaed debt.
Always easiest to blame the foreigners for your problems.
Wall St. might have trouble in doing it. Words are that it sunk lots of money into China's real estate bubble. It could lose a lot of money if the bubble bursts now. They might try to inject cash into Chinese market and refloat it enough to give them time to bug out unscathed.
China is going into long economic stagnation. There is a reason Xi is closing down China and cracking down big business. Economy will not prop up Chinese Communist Party if its growth is stalled. They might need to find another way to survive politically. First he wants to eliminate domestic enemies, Shanghai faction, whose economic base are big name international corporations. Then steer the country toward more totalitarian militarist state.
Crash!!! Let and help China implode.
I like listening to Gordon Chang on the John Batchelor Show, but just about every third article he has written over the last 5-6 years has been about how China’s economy is nearing collapse
China has plenty of foreign cash and a centralized economy, so I believe it will be able to muddle through an internal credit crunch. We’re not talking about an Argentina here with no cash and tons of foreign debts coming due.
Their leverage issue is very high at 7/1. The accelerator though is that it is spread over so much of their financial sector. A collapse will be a big one.
I predict that West Taiwan, formerly known as China, will ban Bitcoin again.