China's phony economy could crash

[Decus]

China built their economy on:

• currency manipulation
• theft of intellectual property
• slave and poorly paid labor
• massive Chinese government spending to boost their GDP growth
• and shadow lending to fuel their property market

The Chinese economy is beginning to crack and our dependency on production in China could cause massive problems for ourselves and for the entire world.

Here is the first indicator of an eventual collapse of the Chinese economy. For those who need a safe space this news report is very disturbing - you were warned:

Dow ends more than 600 points lower as Evergrande fears shake markets

Stocks fell sharply Monday, but ended off session lows, as worries about spillover from the potential collapse of China property giant Evergrande shook up...

www.marketwatch.com

.

 

[initforme]

A nation in decline.

 

[Decus]

A nation in decline.

You have to go up before you go down and China was never really "up", rather their economy was all built on smoke and mirrors and theft.

.

 

[Decus]

This news is headlines in many countries. Here is a German (in English) DW news report:



.

 

[Decus]

Another Australian news report:

 

[Decus]

Reuters just reported this:

 

[Unkotare]

Cheap labor is already shifting elsewhere (which is essential for China to really develop a stable middle class).

 

[DudleySmith]

China built their economy on:

• currency manipulation
• theft of intellectual property
• slave and poorly paid labor
• massive Chinese government spending to boost their GDP growth
• and shadow lending to fuel their property market

The Chinese economy is beginning to crack and our dependency on production in China could cause massive problems for ourselves and for the entire world.

Here is the first indicator of an eventual collapse of the Chinese economy. For those who need a safe space this news report is very disturbing - you were warned:

Dow ends more than 600 points lower as Evergrande fears shake markets

Stocks fell sharply Monday, but ended off session lows, as worries about spillover from the potential collapse of China property giant Evergrande shook up...

www.marketwatch.com

.

I hope every company who aided the vermin and their economy goes bankrupt. I also hope the Red Chinese indict the CEOs and we have the good sense to deport them to stand trial under their heroes 'business laws' since they loved the cheap labor so much.

 

[DudleySmith]

You have to go up before you go down and China was never really "up", rather their economy was all built on smoke and mirrors and theft.

.

And labor racketeering by multi-nationals and American-in-name-only companies like Black Rock and Microsoft.

 

[ProfessorHawthorne]

Well, I'm not a pro-China individual by any means, but before we all hope they crash, keep in mind that China holds over $1 trillion in US debt. A direct call on this would be devastating.

Cheers

 

[Decus]

Well, I'm not a pro-China individual by any means, but before we all hope they crash, keep in mind that China holds over $1 trillion in US debt. A direct call on this would be devastating.

Cheers

Not sure that China would be able to use the debt it holds against us. Here is just two of the reasons it could work against China:

"Whatever debt China does sell is simply purchased by other countries. For instance, in August 2015 China reduced its holdings of U.S. Treasuries by approximately $180 billion. Despite the scale, this selloff did not significantly affect the U.S. economy, thereby limiting the impact that such an action may have on U.S. decision-making."

"Furthermore, China needs to maintain significant reserves of U.S. debt to manage the exchange rate of the renminbi. Were China to suddenly unload its reserve holdings, its currency’s exchange rate would rise, making Chinese exports more expensive in foreign markets. As such, China’s holdings of American debt do not provide China with undue economic influence over the United States."

Is it a Risk for America that China Holds over $1 Trillion in U.S. Debt? | ChinaPower Project

Many worry that China’s ownership of American debt affords the Chinese leverage over the US, but this worry stems from a misunderstanding of sovereign debt.

chinapower.csis.org

The fact remains however that China's economy is poised to go bust. We will be hit hard if and when that happens given that so much of our manufacturing is done in China.

Producing more in the States just makes sense.

.

 

[DudleySmith]

Well, I'm not a pro-China individual by any means, but before we all hope they crash, keep in mind that China holds over $1 trillion in US debt. A direct call on this would be devastating.

Cheers

It's in bonds, not collateral, so no direct call is possible; all they can do is sell it off at a big loss, then lose their biggest market in the process, get more of their spies deported, and lots of U.S. real estate assets siezed.

 

[eagle7-31]

China built their economy on:

• currency manipulation
• theft of intellectual property
• slave and poorly paid labor
• massive Chinese government spending to boost their GDP growth
• and shadow lending to fuel their property market

The Chinese economy is beginning to crack and our dependency on production in China could cause massive problems for ourselves and for the entire world.

Here is the first indicator of an eventual collapse of the Chinese economy. For those who need a safe space this news report is very disturbing - you were warned:

Dow ends more than 600 points lower as Evergrande fears shake markets

Stocks fell sharply Monday, but ended off session lows, as worries about spillover from the potential collapse of China property giant Evergrande shook up...

www.marketwatch.com

.

Good news. Bad news Thief In Chief Biden might bail them out.