Quote:
Originally Posted by dyna mo
obviously you didn't read a single word of any of those articles. One of them is specifically about China consumer debt/savings. that has nothing to do with government debt.
you literally have no fucking clue what you are yapping about, anti-American.
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Did you read your links?
https://www.scmp.com/news/china/econ...s-credit-binge
like this one, let me refresh you on how it begins...
"Like many other Chinese cities, Changde has been on an infrastructure spending spree that went well beyond what the government could afford"
-- China's personal debt level is still well below western levels, though rapidly expanding. If the Chinese Government did a major clamp down on personal lenders ( and they can ) problem stops. If a crash happened because of Chinas personal debt levels, its really going to effect no one but China, if a crash happened because the Government goes broke... the whole world suffers.