China's Financial Missteps Continue

[AdvancingTime]

The financial missteps in China have continued and corruption runs wild. China is no small underdeveloped backwater with an insignificant economy and it is important to remember that "what happens in China does not stay in China." Growth in China has been fueled by its government expanding the money supply and debt, that is distorting markets across the world.

This extends to things like causing housing prices to soar in many parts of Canada. This is why it is so baffling that many economists have chosen to ignore or given a pass to the ramifications of China's policies as they affect the big picture. More on China's economy below;

Advancing Time: China's Financial Missteps Continue

 

[william the wie]

Yeah it will crash and burn but when is the question.

 

[anotherlife]

The pretence of markets is much less in China's centralized economy than it is in America's centralized economy. So China may be corrupt, but its inner party can yank it back any time and whip it into order, like they did it in the first place. This is something that western people can't think about, because they don't know who controls their economic chaos. The Chinese know that it is their Party that controls them.

 

[william the wie]

The pretence of markets is much less in China's centralized economy than it is in America's centralized economy. So China may be corrupt, but its inner party can yank it back any time and whip it into order, like they did it in the first place. This is something that western people can't think about, because they don't know who controls their economic chaos. The Chinese know that it is their Party that controls them.

But the current legalist regime is getting very long in the tooth.

 

[anotherlife]

The pretence of markets is much less in China's centralized economy than it is in America's centralized economy. So China may be corrupt, but its inner party can yank it back any time and whip it into order, like they did it in the first place. This is something that western people can't think about, because they don't know who controls their economic chaos. The Chinese know that it is their Party that controls them.

But the current legalist regime is getting very long in the tooth.

My Chinese friend says that nothing has changed in China for the past 6000 years, so the new regime will be carefully selected to continue uninterrupted.