3 ms·
If China can continue this growth, this trend will continue. But China's financial system is a house of cards and it's unclear if they will make it out of the n
by jorblumesea 7y ago
If China can continue this growth, this trend will continue. But China's financial system is a house of cards and it's unclear if they will make it out of the next recession without significant damage. There's serious strategic threats including opaque financial system, improper banking controls massive "market rigging" and government corruption. No one knows the true state of the Chinese economy, including China itself.
I wonder how many of these employees will make it back to the West eventually. Big if obviously as there are many unknowns.
https://www.scmp.com/economy/china-economy/article/2173461/china-underestimating-its-us3-trillion-dollar-debt-and-could https://www.scmp.com/economy/china-economy/article/2173461/c...
https://www.brookings.edu/blog/ben-bernanke/2016/03/08/chinas-transparency-challenges/ https://www.brookings.edu/blog/ben-bernanke/2016/03/08/china...
https://www.ft.com/content/961b4b32-3fce-11e9-b896-fe36ec32aece https://www.ft.com/content/961b4b32-3fce-11e9-b896-fe36ec32a...