China's economy is in trouble and, of course, they are trying to hide it

Hotair ^ | 08/15/2023 | John Sexton

[SeekAndFind]

With the recent downgrade of US Treasury Debt ratings, by Fitch, one would be justified in saying that the USA's finances are in disarray and there's reason to worry...

The United States' debt-to-GDP ratio at the close of fiscal year 2022 was 97 percent. While this figure is down slightly from 100 percent in 2020, a 74-year high, the nation's fiscal outlook is still on an unsustainable path. Debt held by the public is on track to exceed GDP in 2024 and climb to 119 percent in 2033.

But, COMPARE THIS TO CHINA !!

China has nearly 300% debt/gdp... only the terminal economic basket case that is Japan is higher.

[sauropod]

bkmk

[isthisnickcool]

I have a friend who recently retired from doing things in the shadows. A real patriot who left Washington because of “wokeness”. This person saw a lot of intel. They surprised me yesterday by saying that China is screwed.

[Jonty30]

Add to that the people are quitting in propping up their government through being productive.

[Hambone 1934]

Wait until China has huge financial problems and wants the other BRIC countries to carry the ball....

[Secret Agent Man]

With all that is occurring economically ahd from their attempts to control nature faiking horribly, thank God all of this hitting them so hard, to prevent any immediate thought to going after Taiwan.

[Brian Griffin]

Mein Führer:

The USA is kaput. Their banks have gone bust and they refuse to pay gold as promised on their bonds. They have people living in shacks in communities called Hoovervilles.

[Brian Griffin]

China has apartments without people and the USA has people living in tents and RVs.

[Brian Griffin]

“Even more worried were foreign investors who saw the rollout of a new espionage law as a vague threat that could be used against them at almost any time. Companies who invest millions in another country like to do some due diligence on the market and competitors, but now all of that kind of information gathering was potentially a crime.”

Here in the USA we would never have a legal system defective in any way whatsoever. Our legal system is 100% just from the US Attorney General on down.

[DoughtyOne]

But BRICs????

[DoughtyOne]

You know, their financial system is pretty shakey.

I mean the sort of shakey that makes ours look pretty sound.

I think the natives are restless too.

One day there is going to be big changes over there.

[AnotherUnixGeek]

A tried and true remedy for economic woes at home is military adventurism abroad. Taiwan and China’s other neighbors should be nervous.

[frank ballenger]

Joe Biden to rush major aid package to them. (satire)
Would anyone be surprised to see that?

[Celtic Conservative]

Watch “China Uncensored” on youtube. The host goes into excruciating detail on how totally ridiculous Chinese real estate is. It’s held together with bandaids and wishful thinking.

CC

[DoughtyOne]

no

[tired&retired]

With such high unemployment of the young, they may need to start a war to stop a revolution.

[wgmalabama]

The entire woke world is getting ready to crater financially. I really don’t see a single country escaping the world wide recession/ depression that’s coming. The regional wars that will also come about will be additional harsh.

[Chad_the_Impaler]

There is a shortage of young people due to decades of the one-child policy. Nevertheless, the economy can’t provide sufficient jobs for them.