Quote:
Originally Posted by onwebcam
China's population has a MAJOR problem on the horizon.. 75% of their wealth is in real estate.. And it's crashing... It's not even really began yet and the people are already literally ATTACKING people who sell below market.
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I would not wish a chinese crash if I would be you.
A crash in china is a crash for the whole world economy. and like MrBaldBastard wrote correctly china is not only the biggest trading partner of the US it is also the biggest creditor.
i will never understand that people whose prosperity depends on export can assume that it is good when buyers and lenders are broke. seems to be a big black hole in the education system you guys went through.