The Chinese Government Likely Borrowed More than the US in 2017
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The Chinese Government Likely Borrowed More than the US in 2017
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Re: The Chinese Government Likely Borrowed More than the US in 2017
#2In economic terms, how is this sustainable?
Re: The Chinese Government Likely Borrowed More than the US in 2017
#3And this is the deficit we know about. In reality it could be much larger, something like 1000% of GDP.
The situation is the same with China’s military budget. In reality it’s probably 2x or 3x larger than the official numbers we have.
Re: The Chinese Government Likely Borrowed More than the US in 2017
#4In economic terms, how is this sustainable?
Endure the bubble, until you can conquer Australia and relieve the pressure
Re: The Chinese Government Likely Borrowed More than the US in 2017
#5In economic terms, how is this sustainable?
Debt is a fixed number that doesn't expand as the economy does.
Re: The Chinese Government Likely Borrowed More than the US in 2017
#6And this is the deficit we know about. In reality it could be much larger, something like 1000% of GDP. The situation is the same with China’s military budget. In reality it’s probably 2x or 3x larger than the official numbers we have.
The thing is, they don't show the hardware which would go with the spend. The construction equipment used to occupy the Spratleys has to then be followed by new ships, new airplanes, new heavy armor.
Domestically, the provinces are very powerful. the PLA is not out in force in complex, expensive hardware, its paramilitary presence which is not a huge increasing cost given mandatory post-university universal conscription.
Missiles and Nuke are a fixed cost.
TL;DR absent a plan for war (which they don't have, and show no signs of wanting) there is no visible basis to assume a huge hidden military budget.
Re: The Chinese Government Likely Borrowed More than the US in 2017
#7In economic terms, how is this sustainable?
It absolutely isn't. The funny part is, for the past 12+ years voices predicting an economic collapse of China have gotten stronger and stronger, but it just doesn't happen. Every time they passed some magic number in some statistic it was all "zomg collapse is imminent!"
I guess with a government like they have you have greater possibilities to cover up and postpone the effects, but who knows how this will manifest. I'm hesitant to believe any current scenarios painted by western "experts" because they have basically been wrong for the past decade, but every time they're like "but this time it's for real!"
Re: The Chinese Government Likely Borrowed More than the US in 2017
#8In economic terms, how is this sustainable?
Endure the bubble, until you can conquer Australia and relieve the pressure
Why conquer when you can invest? They're investing. It's working. We're happy to have chinese investment in all spaces, ag, and mining, we buy the goods and we sell the dairy produce.
The real threat is Tasmania: haven't you seen the wargames maps? We need those US-Chinese troops to fight back against the daemon armies from cradle mountain.
Re: The Chinese Government Likely Borrowed More than the US in 2017
#9China’s growth rate is now significantly faster than the US and might be China is planning to overtake US
Re: The Chinese Government Likely Borrowed More than the US in 2017
#10Earlier quoted context omitted.
Endure the bubble, until you can conquer Australia and relieve the pressure
Why conquer when you can invest? They're investing. It's working. We're happy to have chinese investment in all spaces, ag, and mining, we buy the goods and we sell the dairy produce. The real threat is Tasmania: haven't you seen the wargames maps? We need those US-Chinese troops to fight back against the daemon armies from cradle mountain.
Investment doesn't buy you all the 'Living Space' you may want