The Next Global Economic Crisis Could Be Made in China
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- Yesterday
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Although the article's theme is China, but I think the more pressing crisis lies in the chain reaction between US Treasury bonds and the Japanese exchange rate. Despite Bessant using US euro reserves to back the yen, short sellers remain unmoved. Japan has already intervened with over $100 billion this year, but the results have been minimal. As…
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China is quite literally in a balance sheet recession. This doesn’t mean their economy was declining for 20 years, nor does it mean that China will collapse. Honestly it’s funny that Xi is a lot more worried about the economy than the thousands of CCP worshippers online.
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the problem being other countries are growing increasingly annoyed by this attitude apart from the obvious clash with the US, Europe is becoming more alerted too, especially now that they've been made the target of the former export to the US and even brics partners like Brazil are starting to implement anti-dumping/protectionists measures (see…
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Is clear their economic strategy is just to try and capture western markets as thoroughly as possible to make up for the stagnating (and soon to be falling) Chinese domestic economy
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Ah yes the Chinese economy has been in decline for the last 20 years and yet they always find a way.