You believe those numbers?
China is panicked right now, as their money supply begins to crater from the burst of their real-estate bubble on properties that are completely worthless (ghost cities anyone?).
China's economy is in a position to explode downward, and drag much of the world with it.
That's the thing to watch - not what Russia does with their economy.
Yup, all that insane money printing from 2008 onward, going into building ghost cities and other non productive assets is all catching up with them.
China is panicked right now,
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Not hearing that from my contacts in China. Granted, one national was in lockdown for three weeks upon arrival ( the norm) from the US, the banker in Hong Kong doing fine, the two others carrying on. Not a major representation of the population, but these are not “ panicked”.