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47 sats \ 4 replies \ @Satosora 20 Aug 2024 \ on: China Maintains Steady Loan Prime Rates Amid Economic Pressures econ
Are they going to just blow up their debt like the US?
The Chinese will literally distribute their government debt among the regions at gunpoint, push the government bonds into the banks and pension funds and thus buy time again for the time being.
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How long will that last when their economy is so bad?
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Oh they'll buy years ad years. Don't expect a fast collapse
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Fake it till you make it?
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