Originally posted by Jog On
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China has massive debts, ghost cities. Which will fall faster though, the debt or those poor quality buildings they've thrown up, which people have mortgaged themselves to the hilt with.
I know PWC world wealth report thinks China is going to the moon by 2050, but I'm more of the opinion it'll take them that long just to recover from the debts they've built up during the double digit growth they've enjoyed over the last 20 years thanks to the West's search for cheap Labour. That cheap labour resource is quickly falling into the hands of India & Vietnam.
Look at the US / China trade war, the US is winning it hand over fist. They can make jester trade talks every other month, meanwhile China is suffering like no other. China is like the average US citizen bouncing from paycheque to paycheque. With the source cut off they'll quickly wither.
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