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If you keep saying China has economic crisis, finally you are gonna be right some day.
by zcbenz 11y ago
If you keep saying China has economic crisis, finally you are gonna be right some day.
- foxhedgehog 11y agoThat, or you were finally right last summer.
- seanmcdirmid 11y agoThere should have been a crisis a few years ago but the government has chosen to keep the bubbles from popping. $1 million for a 90 sqm apartment in Beijing that rents form $1500/month is pretty frothy. But the CPC repealed the law of gravity, so it doesn't apply to the Chinese economy. Maybe it's really different this time. But probably not. The only question now: will they inflate the currency turning all those savers into losers, or reign in credit and bad debts, choking the economy and growth. They won't be able to just hide behind growth now.