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China is looking like an absolute basket case at the moment. I understand that contagion risk over there is very different than in western economies given that
by anm89 4y ago
China is looking like an absolute basket case at the moment. I understand that contagion risk over there is very different than in western economies given that the government controls where capital goes but I still think they are looking at major systemic level risk right now
- toomuchtodo 4y agoCouldn’t agree more. The CCP mismanaged the economy and its growth over the last decade, and now they’ve failed to achieve economic escape velocity before their population’s aggregate productivity wanes due to a rapidly aging population.
- anm89 4y agoYeah, add on top of that severe water and food issues, a tsunami of unproductive debt, and leadership that doesn't care about a single thing besides staying all powerful at any cost.