Opinion: Ruchir Sharma: China Has Its Own Debt Bomb
Six years ago, Chinese Premier Wen Jiabao cautioned that China's economy is "unstable, unbalanced, uncoordinated and unsustainable." China has since doubled down on the economic model that prompted his concern.Read more
#1 Feb 26, 2013
"Since 2008, China's total public and private debt has exploded to more than 200% of GDP—an unprecedented level for any developing country."
What a clearly unsustainable situation.
Port Moody, Canada
#2 Feb 26, 2013
Note how the weak "Comrades" of the CCP's "wu mao" fear the truth about this massive debt load and failure to reduce reliance on exports to the USA, just as their robotic and weak fathers feared the truth about the total failure of the "Great Leap Forward"!
The CCP then printed lies about fake "success" and "record harvests" as the Chinese people starved.
Their children will tell lies about continued fast growth while China slips deeper into recession.
"plus a change, plus a meme chose"!
CCP are STUPID LYING CLOWNS!
#3 Feb 27, 2013
It would be an excellent time for the U.S. to stop buying from chinese communists(ALWAYS SMALL LETTERS). Just getting junk & poisoned stuff anyhow.
#4 Feb 27, 2013
Chinese Premier Wen Jiabao cautioned that China's economy is "unstable, unbalanced, uncoordinated and unsustainable."
...and its gotten WORSE since then.
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