....the problems in China are there due to the property crisis, it is only because China is not a free market economy which is why it didn't blow up the way it did in the US.
....but with many Chinese likely to suffer a loss of their deposits, we can't expect consumer confidence and spending to rebound anytime soon.
....in 2008 GFC, the global economy could have been in a more disastrous situation if it wasn't for China having a 8% GDP growth economy then, ....this time around, China, Japan, EU are in 'sh*tstreet' and it won't be long that US would follow suit.
....we should be worried when we are not, but worrying alone is futile, preparing is not.
SHOCK REPORT:
40 Chinese Banks VANISH IN ONE WEEK, marking severe consequences for the global economy.
DEVELOPING.. In just one week, 40 banks disappeared in China. The collapse of Jiangxi Bank severely deepens the financial sectors problems.. Concerned clients can be seen storming the bank over bankruptcy reports..
https://x.com/ChuckCallesto/status/1811722220135137691
- Forums
- ASX - General
- Its Over
....the problems in China are there due to the property crisis,...
-
- There are more pages in this discussion • 252 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)