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These numbers are meaningless on their own. Detroit went up in flames when it lost it's auto industry. Otherwise the debt would just get bigger and Detroit woul
by John_KZ 8y ago
These numbers are meaningless on their own. Detroit went up in flames when it lost it's auto industry. Otherwise the debt would just get bigger and Detroit would be fine.
China might undergo a crisis when they start losing exports due to other countries re-industrializing (ie the US).
My guess would be that they won't go into the red on average. Their growth will slow and some very export-oriented industrial areas will suffer, but their internal market is huge by now so they'll just keep growing, but not as fast.