Don’t rejoice – China’s death throes will be a danger to us all.
Once again Sam your knowledge and expertise have enlightened me. Your explanations are easy to follow and understand. You are a treasure! Thank you
Unfortunately, the Dying Paper Dragon could create some very real problems because they are getting desperate.
Reading a bit too much Zeihan I'd say. Structuralists have been proved wrong time and time again. The 'collapse of China' has been coming for a long time. Of course their currency and financial system are a mess but this can be handled in many ways in China that are not available to the U.S. Devaluation, debt forgiveness, bank bailouts and many other avenues can paper over the financial issues. And while they are going through severe economic disruption, the basics of consumer demand in China and demand for Chinese manufactured products is still incredibly strong. In Asia, EVERYTHING is literally made in China and the demand is increasing every year. These fundamentals will always allow China to reset itself economically and continue on as an economic superpower, IMHO...