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Experts have not and do not predict a imminent crash as a likely scenario. Possible, yes. Likely, no. They have predicted costly and painful unemployment, wealt
by rrggrr 10y ago
Experts have not and do not predict a imminent crash as a likely scenario. Possible, yes. Likely, no. They have predicted costly and painful unemployment, wealth destruction, and increased civil unrest... all mostly avoidable if swift action is taken to rebalance China's economy. The inaccuracies are your's.
- seanmcdirmid 10y agoCrashes have happened multiple times over the last 20 years, the recent being the Chinese stock market crash a year ago. It would be stupid not to predict a crash, as they are pretty common. Collapse is much worse, and isn't being predicted by the western media. If you google news "china economic collapse" you'll find Chinese media talking about how the west media is predicting this, but oddly enough, no western mainstream media actually predicting that (beyond Gordon Chang, no one at all).