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

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27/06/23

16:49

Post #: 68496169
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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.

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