China’s Manufacturing Crisis: The Real Story
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China's bad debts are in the banking system, not the government. They may suffer something similar to the S&L crisis, and they will blow through those reserves rapidly in order to protect their economy.
The Chinese are in better shape overall because they are a people hungry for success and will do whatever it takes to succeed. Chinese debate how to get the economy moving, Americans debate how to save welfare and government spending.
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China's bad debts are in the banking system, not the government. They may suffer something similar to the S&L crisis, and they will blow through those reserves rapidly in order to protect their economy.
Nov 07 09:19 am
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All Comments by huangjin »China’s Manufacturing Crisis: The Real Story [View article]
The Chinese are in better shape overall because they are a people hungry for success and will do whatever it takes to succeed. Chinese debate how to get the economy moving, Americans debate how to save welfare and government spending.