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The Chinese government has grown slightly more protectionist as of late, imo their current economic situation is very fragile, despite the western fear of the r
by partiallypro 9y ago
The Chinese government has grown slightly more protectionist as of late, imo their current economic situation is very fragile, despite the western fear of the rise of China. The U.S. economy is very diverse and robust, and has undergone several shocks...China, has not in the modern boom really experienced any sort of deep economic swoons. I fear what houses of cards have been built, which normally don't reveal themselves until the chairs run out. Their government is so hamfisted and wasteful, it's hard not to imagine an economic earthquake on the horizon. The US and Europe are really the main drivers of the world economy right now, China and many emerging economies have been slowing down.
- xref 9y agoI am fascinated by what may happen in China financially as well. The chairs have run out on the US many times, and Iceland, and Ireland, and Venezuela, and Argentina, and Greece...you get it.