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Originally Posted by RummyBoy
Robert Peston is great ever since the financial crisis and his blog is superb, as well as he is one of the best in BBC reporting but tell me something new? Everyone knows China is in a massive bubble... what is news about this?
Sooner or later it pops and China will have a meltdown.... which analysts seem to think China can deal with (due to $4 Trillion USD in FX reserves). Even otherwise, the US experienced the worst depression in history as it was in the ascendant and everyone thought the US was finished but that did not prevent it from continuing a historic rise after the world wars.
But I mean, what does that have to do with the AIIB?
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If China's recession/potential meltdown is a lot worse than what we've experienced in the west since 07/08 then any agreements made for the AIIB may be reneged upon if things get really bad. It'll be interesting to see how this all plays out over the next decade or two.