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China can't cushion the pain anymore; they've been doing QE since 2008, and they're at 350-400% debt gdp. Way too high even for developed country, which they a
by varsitywork 8y ago
China can't cushion the pain anymore; they've been doing QE since 2008, and they're at 350-400% debt gdp. Way too high even for developed country, which they are not.
That's why they're trying to deflate the shadow debt (20 trillion, 150% of gdp). That's why people are losing tons of money (most if not all their life savings).