China is not growing. Their GDP and growth rate are inflated by government agencies fiddling with the numbers and projects such as building ghost cities, never mind several other bubbles. If anything, they’re stagnant and in danger of sudden collapse.
Our opinions are in direct contradiction.
100%.
I completely disagree.
“If anything, they’re stagnant and in danger of sudden collapse.”
Cha-Ching!
China has bubbles galore.
Ghost cities that start falling apart before they’re finished. Really, who uses cardboard as a filler in concrete!?
High schools that are so intense kids are committing suicide if they are failing.
Then “universities” where students can’t fail even if they don’t show up.
Food scandals that make their own citizens buy costlier imported basics instead of local products.
Polluted water, air and even food staples grown in polluted soil.
I’m no expert but I have been reading and watching videos written by westerners living there.
Economically China is a paper tiger that a good drenching will wash away.
I too suspect their official numbers are a fantasy. A lot of their “GDP growth” is tied up in their huge real estate bubble. When you see the pictures of “ghost cities”....when you read the staggering percentage of apartments that are sitting empty and unsold....that represents so much waste. Their 4 big state banks have got to have a frightening amount of toxic debt on their balance sheets that they just haven’t admitted to yet. When that bubble bursts it’s not going to be pretty.