Until five years ago China’s economy relied remarkably little on debt. But China lost its debt inhibition in late 2008 when the global financial crisis erupt…
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LOL There’s a bit of disinfo going on, “There is not enough people to fill
the properties” Erm excuse me….China’s population vs it’s cities being
built. Pretty darn sure China can fill those cities thousands of times over
and still have hundreds and hundreds of millions of people left over.
you need to understand the Chinese political and economic system and
structure to say ‘debt’. Local Chinese government and central government
never needs to face the debt against people, like the US government never
needs to face its debt against other nations. The property market is
cooling off, not yet as bad as 2008. But remember: there is no state debt
to be paid to people, China does not live in the system as US or Europe,
banks are basically political institutions, that’s why it does not make
sense to comment if you do not understand the system
IT is a sad day that a proud nation like Russia is selling out Siberia
almost without any benefit just because of its misguided insecurities
regarding the WEST…………. well it is making a complete fool of itself
So this is the foundation of the World’s Second largest economy
huh???????????????
Propaganda anybody, when is China going to collapse its being over 30 years
and they just make lies after lies.
china needs to understand that it needs global investments to survive! and
if your making enemy with your neighbors! your ass is done!! good luck
china you gonna need it!!
China’s Allies:
PORKISTAN
NORTH KOREA
LAOS
IRAN
SUDAN
and RUSSIA
Out of these goofed up place the only country that is still a force to be
considered is RUSSIA
China’s largest trading partners:
EU
USA
JAPAN
ASEAN
SOUTH KOREA
TAIWAN
INDIA
and China has problems with all these countries wow!!
Dummies..
The reality of China’s Economic miracle
They had to chose capitalism….
The weak and poor are gamed, and the rich maintain their wealth and power.
The government gets screwed and the nation is weaker. Just like the
financial crisis.
Just ask BESTBUY how much of a strong economy China really has, they had to
close down ALL their stores because those Chinese slaves were too poor to
buy any of their electronics LOL.
A M E E I C A
Youtube economists over here.
???what is the news about?
A mixed bag -lots of chinese citizens are flourishing due to the tigerish
growth–certainly it is in a better position now than in the last 50 years
And that has nothing to do with this video. Good job.
I suppose people are smart, and selfish. They come up with ways to game the
system. The effect is inefficiency in capitalism. Only the strong and smart
make money.
And yet, all we hear is how much of foreign debt (US, Africa…) China now
increasingly owns…
Greed and corruption, that’s why china have capable and thiefs and
corruption. But then america is the same, with financial crisis and bankers
are greedy, people want money, so the government spend. It’s like the real
estate of america. Government turn a blind eye, because real estate is
booming. And some people become rich while others poor.
Bestbuy closed because they could not beat the local retailers. Local
electronics chain has more sales than Bestbuy in the USA.
You can also go find a Rolls Royce dealer with an empty showroom and claim
China is so poor if you want to make propaganda. Go to a parking lot and
film cars with no one in them at a supermarket and say Chinese can afford a
car but no one is driving them… China has 3 trillion dollars in reserves,
estimated at least 8000 tons of gold, largest producer of gold and rare
earth. Debt? China is a creditor nation. The biggest in human history.
The difference between china and america is china have money. America
doesn’t have money. Chinese central government don’t have to borrow, while
America do. The central government turn a blind eye because infrastructure
are being built. And the developer make money, but it creates waste. Just
like america is living on debt. And asians have ultra rich and the poor
just get by.