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No one is willing to run a current account deficit. I'm assuming the "lol" is mocking RCEP overall. One thing is for sure, as an US expat in SEA, china is #1 e
by cinquemb 6y ago
No one is willing to run a current account deficit. I'm assuming the "lol" is mocking RCEP overall.
One thing is for sure, as an US expat in SEA, china is #1 economically in the region as far as investing, not because they are any good, but lack of will from US investors in large… and in this environment, I'm not so sure getting in now is best because the lack of high quality collateral available to back investments if things go south (or get hold up for years like they have with projects…)
I'm more interested in to see if this will translate to more offshore usage of the chy, and offshore chy loans… if not, things will remain status quo (boondoggles)…