- 12 Oct 2021 16:55
#15194139
@JohnRawls, assuming that China stops growing anytime soon, why would that effect them more than the West who have barely made single digit growth figures for the last 13 years now? Why do you think China need to keep growing at 8% year on year out given that is what they can expect this year. They also had positive growth when the world was negative last year, another impressive achievement don't you think.
Also Evergrande debt is multinational. And China have enough reserves to bail it out. They however don't seem interested in doing that. Seems a strange stance to make given you are saying it could destroy their economy. Or maybe it won't and they know that and instead fuck up the global financial institution, especially the creditors of Evergrande instead and they aren't too concerned on that. Besides, Evergrande collapse may well stabilise the Chinese Market and prevent the need for the Chinese government to artifical hike the market to protect investors. Let them fall on their own sword and build up from a blank canvas. Xi seems to stand on the Socialism platform recently and ending all these leaseholds might be start of all that.
Also Evergrande debt is multinational. And China have enough reserves to bail it out. They however don't seem interested in doing that. Seems a strange stance to make given you are saying it could destroy their economy. Or maybe it won't and they know that and instead fuck up the global financial institution, especially the creditors of Evergrande instead and they aren't too concerned on that. Besides, Evergrande collapse may well stabilise the Chinese Market and prevent the need for the Chinese government to artifical hike the market to protect investors. Let them fall on their own sword and build up from a blank canvas. Xi seems to stand on the Socialism platform recently and ending all these leaseholds might be start of all that.