Posted on 05/30/2020 8:15:19 AM PDT by SeekAndFind
Dialectical as in "we'd love to hear your POV so we can ignore it."
If you think the USA is in deep debt, get a load of China.
China, after years of heavy stimulus spending, has far less capacity to take on indebtedness. According to the Institute of International Finance, Chinas debt-to-GDP ratio increased by 11 percentage points in 2019and by a stunning seven points last quarter alone. It is now pegged at 317 percent.
There are reasons to believe that ratio is, in reality, far higher. Not all categories of debt are included in these calculations, the countrys reported GDP looks exaggerated, and the excess of the liabilities of Chinas financial institutions over assets should be added to the ratio. The ratio looks understated even if central government assets were somehow factored in.
The military is getting an outsized portion of the central governments budget. In short, spending on the worlds biggest military will burden the worlds second-largest economy.
Xis Belt & Road initiative will come due in coming months, and some borrowers, with economies hit hard by COVID-19, cannot repay. Beijing has extended infrastructure loans to 126 countries, and in recent years has lent an astounding $520 billion to the developing world. Much of the lending is imprudent. Chinas loans to Djibouti, for instance, equal 80 percent of the African countrys GDP.
To make matters worse, factories are leaving Chinese soil, partially to avoid geopolitical friction and partially in response to commercial factors. China is bleeding manufacturing, and the hemorrhaging will continue especially when the Trump administration provides financial incentives for relocation.
CHYna is azzhole.
The Trump administration should openly encourage a change in China’s leadership. Xi Jinping is in a very weak position within China, and the world; but he just might not want to accept it, yet.
“China’s Economy Is In Deep Trouble” and so is ours! Our politicians have all but outlawed manufacturing in the USA. They have done so with the full cooperation of the voters, by creating agencies and laws such as EPA, EEOC, OSHA, IRS, the list goes on and on. Add to that democrat trial lawyers who are essentially ‘highway men’. Until this is corrected the best we can hope for is a lowered standard of living.
A war would stimulate their economy.
Won’t be long now.
So, expect some sort of armed conflict sooner rather than later. They will have to move up the time table to keep in power.
Slow growth vs. absolute decline here and in most of the rest of the world.
We need to get out of China totally.
The CCPs original target was to kick things off sometime in 2018 or 19. I think Trump threw a wrench into that.
The developing nations that got sucked in to taking loans from China should immediately disavow them as a partial penalty for spreading the Wuhan virus to their countries.
They should also kick the Chinese out of their countries.
We know and they know we know that they hit the world with a germ warfare weapon so China would not be the only country hit by the virus. This gives Trump huge leverage which he will use despite the rats trying to help them. The ChiComs are pinning their hopes on avoiding paying the price by helping the rats in November. If the rats cheat enough to get Trump out China will get away with all of it.
Hey, I know how that feels and I feel your pain. I really do.
Hegelian dialectics.
Been down this path.
Doesnt end well.
Had heard another china expert a few weeks ago state that China will eventually turn inward again in an attempt for the CCP to maintain their grip on power as they have done in the past with other regimes.
This is why the chi-coms are on a war footing. There’s only two ways or making money, earn it or steal it. Production or conquest.
Conquest by production.
When that doesnt work,
Conquest by any means.
Ummm... duh.
>>Xi Jinping is in a very weak position within China, and the world;<<
You got another Tianamin Square coming if you believe that.
So, what does history say, as a repair for a country’s tanked economy?
They can either crumble, or do the one thing, war.
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