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> From the outside looking in Exactly, there's your problem. China is suffering from 300%+ debt, capital outflows (hidden, unreported), fake gdp growth (sever
by yusuke10 9y ago
> From the outside looking in
Exactly, there's your problem. China is suffering from 300%+ debt, capital outflows (hidden, unreported), fake gdp growth (several provinces have claimed 20-30% fake revenue), demographics time bomb, middle income trap, shrinking population (800M estimated in 2100), corruption, pollution, belligerent behaviors against all its neighbors (Japan, Taiwan, South Korea, Vietnam, Australia, India, etc), smart people wanting leave, rich people wanting to leave, etc
- briga 9y agoI can think of a number of first world nations sufferings from the same issues.
- neaden 9y agoNo you can't. Even Greece doesn't have that level of GDP to debt, let alone the level of potential fraud in official figures.
- Accacin 9y agoI don't tend to agree with China, but there doing what a lot of economists have been saying they need to do for years.
- HumanDrivenDev 9y agoChinas rise has been remarkable, and it's great so many people have been able to lift themselves out of poverty. But we really should temper our expectations, and our view of just how well China is doing, which is often sensationalized. The above is just what manages to make it past the censors as well. I'm not worried about a superpower overtaking the US, I'm worried about a sharp economic collapse causing it to lash out. I'm worried about the global economic consequences if that were to happen.