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China, like all other indebted nations, will seem very stable and then it will collapse in a fury. Could happen in a year or 10 years, it's very hard to predic
by socrates1998 8y ago
China, like all other indebted nations, will seem very stable and then it will collapse in a fury.
Could happen in a year or 10 years, it's very hard to predict these things.
China's solution has always been to growth itself out of problems.
At some point, that becomes impossible.
- yellowstuff 8y agoIt is not the case that nations with lots of debt always collapse. EG, since inception the US has always had debt at the Federal level, except when Andrew Jackson paid it off, which was economically disastrous and plunged the country into a 6 year long depression.