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China's officials says debt to GDP ratio is around %46. Unofficial sources say it is %300. And rating agencies takes the unofficial claims into consideration. Thus the rating of China's debt is not very different from that of the US and Japon.
Government keeps on subsidizing. There is not a healthy private sector. Government owned banks lend money to state owned enterprises and town village enterprises. Money goes from a branch of government to another branch of government. It will be very hard if not impossible to bailout unlike the US. Because the private sector in the US is powerful. This will lead to a systemic collapse unless a solution is found.
Something is coming.
China is not a democracy. Money likes freedom. They cant maintain the system very long that way. Add to this the human rights abuses.
Mista is Indian. He only bash Chinese and no one elsewhat's the point educated them? let them have the joy especialy the kebab and ganga , both match in heaven
Mista is Indian. He only bash Chinese and no one else
Good observation.May be a mixed race of sort - a common bondage in Singapore.
He has elementary knowledge of economics but seems to understand Chinese.
This is what they say:
“You can take an Indian out of India, but you can never take India out of an Indian”
He only posts in economics dealing with China and population. Signs of an Indian.Good observation.May be a mixed race of sort - a common bondage in Singapore.
He has elementary knowledge of economics but seems to understand Chinese.
This is what they say:
“You can take an Indian out of India, but you can never take India out of an Indian”
In this forum I've been called Vietnamese, Indian, and PRC Chinese. Can you guys make up your mind?
verdict: India will overtake China decades ahead of schedule
no doubt. china is doomed for the 100000x and still counting..
jai turdkey stronk!