IMO there has been a concerted effort by US media to
paint China as being virtually bankrupt with the implication
being (wink wink say no more!) that this will lead to the
downfall of the CCP and the break up of China.......and all that jazz!
IMO the US is in bigger economic strife when it comes to debt
with this years actual budget a flysheet away from $2 Trillion
and with 2 wars on its late that will likely rise in 2024 rather
than fall:
And as for China, its GDP growth is likely over 5.1% for 2023
and 1% less for 2024 with inflation about 2%!
The problem that most posters on this thread have is that they don't
realise that the Chinese Economy is a command economy and unlike
that of the former USSR, it trade and manufacturing amounts to over
30% of global trade and manufacturing while the USSR was essentially
an insular economy.
The theoretical question is:
Is China's 50% SOEs and 50% Private Enterprise the right mix to
maintain China's command economy both in control & growth.
The wise guys in the IMF and the World Bank are predicting that
China's growth for 2024 will be at least double that of the west
with relatively low inflation which, IMO, is far from the doom/gloom
being spruiked by the Washington led anti-China western media .
With annual growth heading for 5.1% (and 1% less in 2024)
this is double western growth forecasts and on top of that
China's inflation is about 2%
IMO, the Chinese Command Economy has the timber of the US so called "Free Market" economy so far
and that's why the Washington led bugle blowers are out in full swing:
:
