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How could it NOT show signs of a slowdown. But China, unlike the US, is sitting on mountains of savings - cash. They can and most likely will spend their way
by biohacker42 18y ago
How could it NOT show signs of a slowdown.
But China, unlike the US, is sitting on mountains of savings - cash.
They can and most likely will spend their way to at least an 8% annual GDP growth.
Most of their spending will go to infrastructure.
But that's the key difference between China and the US, they have savings, we have debt.
- timr 18y agoAgreed. But remember that a year ago, the bulk of the "experts" were yammering on about how the Chinese economy was "untethered" from the fate of the developed economies.
- alecco 18y agoChina needs those jobs to keep working or they can crash big time. For China to slow down to 3% a year growth can be catastrophic. And they are already in low cost sot they can't cut luxuries like US and Europe can. It's very scary.