Australia's largest stock trading and investment forum Australia's #1 stock forum

China's economy must be facing total collapse???, page-6

First 6 Last

Share
Profile

Follow
flatspin

11,821 Posts.

189

27/06/23

16:49

Post #: 68496169
Share

Originally posted by JohnnyBBadd: ↑

China Beige Book are pretty good when it comes to PRC statistics.

I thought their problem wasn't inflation, but deflation caused by housing prices going down? A rate cut would make sense but the bigger issue is the solvency of their banks. Surely, they have a lot of bad loans that need to be written down but without a proper default process or bankruptcy provisions, it looks like it will take the banks a long time to flush out all the bad investments/loans. They could end up like Japan, (especially with their demographics) but unless the PRC central government starts bailing them out it's going to take a long time to metabolise those bad investments. A lot of people need debt relief to fuel consumption.

Just my two cents.

Expand

I thought that the PRC owns all the businesses in china anyway.
2 Upvote

Reply

Top Stories

LDX

Lumos Diagnostics surges 140% on major US contract deal

LU7

Lithium Universe targets silver boom with breakthrough solar recycling tech

ASX Market Close: Why are we red today? Because US CPI's at 3%

LIS

Li-S Energy the latest microcap to pivot to US defence market

Listen: HotCopper Wire Podcast 018 – Potatoes, TACOs, and the $120M helicopter heist

First 6 Last

SPONSORED BY