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, China’s debt-to-GDP ratio increased by 11 percentage points in 2019—and 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 country’s reported GDP looks exaggerated, and the excess of the liabilities of China’s 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 government’s budget. In short, spending on the world’s biggest military will burden the world’s second-largest economy.
Xi’s 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. China’s loans to Djibouti, for instance, equal 80 percent of the African country’s 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.
Hegelian dialectics.
Been down this path.
Doesn’t 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.
So, what does history say, as a repair for a country’s tanked economy?
They can either crumble, or do the one thing, war.
Some theoretical common denominators concerning China. The leaders absolutely do not care about the peasants. China, despite the population control efforts, still has way far more peasants than it has an economy to employ them all. If worse comes to shove then the Chinese government could start a war(which would kill a bunch of peasants) or the Chinese government could just simply starve to death a few million peasants. And no war. Remember, Communist hates the people that it pledges to protect.
This could develop much like the Soviet collapse. They will fight and hang on, keep up a pretense of making it until one day it all falls apart.
That will be a very good day for the world, just like December 26, 1991.
That assumes Democrats don’t take power here. They will save China from that demise.
When this is all over, China will have lot a lot of manufacturing, and a brain drain from Hong Kong where everyone that can leave will leave. On the other hand, the US will be gaining jobs as factories, and especially the pharmaceutical industry, relocates back to the US.
And Trump’s slamming them with tariffs sure didn’t help them. They are already unable to feed themselves, and it is estimated that the tariffs placed on them have cost them $35B, has lowered their exports to the US by more than 12% this year alone, and industrial output growth in China fell to its lowest level in 17 years this summer. I think we call this winning.
And this information is coming from NPR, hardly a conservative lapdog.
rwood
The chicoms grow at 1.5 to 2.5%.
Meanwhile we and the rest of the world don’t grow at all.
Nice job with the germ warfare CCP and your WHO accomplices.
Pity. Where will Walmart get their merchandise made?
Honestly, what nation on earth isn’t a ready candidate for the wrath of God?