By Peter St. Onge "The last time China hit a recession, in 2008, Beijing dumped massive stimulus into the economy. This time, China's debt — over $50 trillion — has grown to the point it can't afford it."
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By Peter St. Onge "The last time China hit a recession, in 2008, Beijing dumped massive stimulus into the economy. This time, China's debt — over $50 trillion — has grown to the point it can't afford it."
This is one of the reasons why l dont think brics is going to work. Their money will become inflated like the us dollar.
It'll be worse, in my opinion, because they'll all be trying to cheat each other; more like EU than US.
It also doesnt help that they are trying to manipulate the data to look like their economy is strong.
True, although that's also like Europe and America.
Everyone manipulates data to a point. China just does it in a way that is totally unrealistic.
Yeah, it's probably to a greater degree.
Its hard to believe any of the data that comes out of that place. Do you remember how much they lied during covid?
Yeah, somehow it was even more than the US.
It is a situation that was coming. The actions that the government has taken against foreign companies and the crisis that the population in general is facing have turned China into chaos.
High youth unemployment is particularly concerning. That's the group that makes trouble when things aren't going their way.
How can China's foreign direct investment go negative? I know the CCP make it easy to get set up in China, and very difficult to leave.
That's a good question. I suspect it means that they're spending more paying back investments than they're receiving in new investments.