There’s something extremely funny about the president of the US looking at what’s going on China and saying out loud, “Their economy is a ticking time bomb.” This is almost an onion news story.
Yeah yeah, I’ve heard that before. There’s a whole cottage industry of “experts” that have predicted the imminent collapse of China going back decades. Call me when it actually happens.
China’s economy is stacked like a house of cards and could come crumbling down due to some unforeseen global financial shock, but then again that sounds like most modern economies. I think people just pick on China because, instead of having a group of billionaires stack up the cards, the government does it themselves.
Even if that shock happens, China will still be in a better situation. Like, they actually manufacture stuff there, and the government builds infrastructure aggressively. That’s two massive benefits to economic security and health.
But what if all that high speed rail disappears, huh? Didn’t think about that, stupid tankie.
It’s a legitimate risk. Rail theft by the mole-people is up 12% in the last quarter.
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The Chinese government stacks the cards though it actually has the capability to use some toothpicks to hold them in place, and will immediately rebuild it things start to fall apart.
To contrast, the US will flounder and pull their one “low interest rates” lever while having a political blowout over some sort of stimulus funding package that probably won’t pass.
Do you repeat something you heard there or can you in detail describe how the worlds greates manufacturing Hub is a economy build on Cards…
china believes in the heart of the cards
This is what China wanted their relationship with the US to be like but our ruling class is just too evil and shortsighted for that
If that’s the case then the US’s economy is a card dealer pointing a gun at everyone at the table
Well, actually it’s because China’s roaring economic success is both deeply embarassing and existentially dangerous to international fascism and it is absolutely vital that they both discredit China and prevent their thoroughly indoctrinated population from learning anything about China at all costs.
You just described the US, UK, and much of the western world entirely. The global economy is just a bunch of "IOU"s
China is a bit different in that regard, though.
Since apartments are pretty much the only investment for private savings, there’s a huge percentage of the GDP tied to construction. This bubble is not quite bursting, but rapidly deflating, leaving many regular people practically without savings.
Other countries have inflated real estate markets as well, but their markets simply are not that large in comparison (percentage of GDP).
If you think China’s economy is a time bomb wait til you hear about what it means when the dollar is no longer the reserve currency around the world.
By my estimates, China has only 70 more years until complete and utter collapse!
Gordon Chang preparing to put himself into cryosleep.
The country that leads the world in mass shootings shouldn’t be labeling other countries as “ticking time bombs.”
The old federation is dying, the new one struggles to be born. Now is the time of unlimited China struggle sessions.
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ANY DAY NOW
Man leading country with the largest homeless population in the world says country which eliminated extreme poverty within its borders is about to collapse, of course this is true and should be taken seriously
Me upvoting a comment and when it refreshes, seeing it’s been upvoted 8 times since I navigated to the page
CHINA COLLAPSING ANY DAY NOW
What troubles?
Can you describe the troubles?
Are the troubles in the room with us?
man in glass house throws stones
Don’t worry about having to work 30 hours a day at the sisyphean torture factory to be able to afford your ten square foot apartment Jack, look at what’s going on in China! A sexpat YouTuber who got kicked out of the country says their economy will collapse any minute now! Don’t trust any of the actual data on China’s economy, you can’t fall for those [REDACTED] and their tricks, Jack! They’re weak even though we say they’re strong! THEY’RE WEAK EVEN THOUGH WE SAY THEY’RE STRONG!What do you mean a guy who thinks the blacks are ruining South Africa isn’t a reliable source of information??
Well ima call the US a ticking timebomb, how about that Jack
