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Then why are their economy and financial sectors sinking so fast? Can't they just order it corrected?
by cronix 4y ago
Then why are their economy and financial sectors sinking so fast? Can't they just order it corrected?
- kennend3 4y agohttps://statisticstimes.com/economy/united-states-vs-china-economy.php https://statisticstimes.com/economy/united-states-vs-china-e... if you look carefully, you can see that based on PPP China has overtaken the US. You may also notice that the US is the one on the downtrend? Most countries have had serious economic and financial issues over the last few years.
- GekkePrutser 4y agoThey can, and they have. China has been building ghost cities for years to prop up their own capital figures, all those apartments would be on the books for prices no Chinese could afford, and stayed empty for years. It seems to have worked out for them and eventually the cities became inhabited. But it was a huge gamble and here in the west we would call it a scam. Of course one thing you can't fake is international currency when trading with other countries. But this is one thing China has more than enough of because we all pay them to make our goods.
- effie 4y agoThat may be the biggest "fake it till you make it" operation in history...