Foreign Affairs

TexasTowelie

(120,837 posts) Fri Dec 6, 2024, 05:30 PM Dec 2024

97% Hit: Just When You Thought It Couldn't Get Worse; Chinese Economy: Debt, Business; Taiwan - China Update

00:00 Introduction
00:22 Chinese Economy: Local Debt, Sentiment Survey, & GM
07:54 Taiwan: Lai Trip, Military Moves, & Paraguay

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97% Hit: Just When You Thought It Couldn't Get Worse; Chinese Economy: Debt, Business; Taiwan - China Update (Original Post) TexasTowelie Dec 2024 OP

Introducing a new term to economics - "Total local government hidden debt". Hidden in a house of cards. EarnestPutz Dec 2024 #1

Ahhh, welcome to the real world. The Chinese I'm sure are very well grounded in their economics (but I'm not sure how SWBTATTReg Dec 2024 #2

EarnestPutz

(2,843 posts)

1. Introducing a new term to economics - "Total local government hidden debt". Hidden in a house of cards.

Reply to TexasTowelie (Original post)

Fri Dec 6, 2024, 05:41 PM

Dec 2024

SWBTATTReg

(25,274 posts)

2. Ahhh, welcome to the real world. The Chinese I'm sure are very well grounded in their economics (but I'm not sure how

Reply to TexasTowelie (Original post)

Fri Dec 6, 2024, 05:44 PM

Dec 2024

free market capitalism mixes w/ their system of government, although since a lot of their high level govt officials have participated in their economy).

I daresay they will weather this big hit aok (I hope).

Of course, like in 2008 w/ us, I'm more concerned about the people on the real side of life taking a hit, not the ones who helped participate this crisis on, by repackaging those bad mortgages and selling them wholesale to the American public.

I'm still yet to see any large contingent of people get prosecuted for that (the packaged, bad mortgages, dumping them onto an unsuspecting public).

I think perhaps in China, they'll be better at prosecuting the 'bad ones' who helped bring this mess on in China, more than likely will be quite a few players as I am sure lots of people wanted their piece of the pie too.

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