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What is up with that Chinese debt load? I have been reading a bit about the recent Covid lockdowns in China and the situation there sounds insane and unbelieva
by dougmwne 4y ago
What is up with that Chinese debt load?
I have been reading a bit about the recent Covid lockdowns in China and the situation there sounds insane and unbelievable. How long can a country survive that level of totalitarianism?
- vsareto 4y agoI have to imagine it's mostly real estate stuff (business and residential)
- mooreds 4y agoCan't recommend this blog (from a professor in China) enough if you want to get smart about the Chinese economy: https://carnegieendowment.org/chinafinancialmarkets/ https://carnegieendowment.org/chinafinancialmarkets/
- ncmncm 4y agoRussia carried it from 1917 all the way to the 1950s, and even defeated Nazi Germany almost alone (albeit with substantial late manufacturing help from the US). China has way better mechanisms available to it than the SSRs did, and doesn't rely on any help.