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originally posted by: Smarties
The rise of China will undoubtedly be one of the great dramas of the twenty-first century. China's extraordinary economic growth and active diplomacy are already transforming East Asia, and future decades will see even greater increases in Chinese power and influence. But exactly how this drama will play out is an open question. Will China overthrow the existing order or become a part of it? And what, if anything, can the United States do to maintain its position as China rises?
Some observers believe that the American era is coming to an end, as the Western-oriented world order is replaced by one increasingly dominated by the East.
www.foreignaffairs.com...
originally posted by: Jay-morris
And this is the problem here. If America's dominace is coming to and end, of course you will see a huge increase in BS fear mongering news about China. It's called fear of losing that position of world world superpower.
It's going to happen. Be it China or India. Empires always change.
Already indebted local governments were given broad access to the bond markets; state-controlled banks implemented a debt binge, with loans funneled to politically-favored SOEs, property firms, and local government infrastructure projects—which ballooned the size of Chinese banks past their American and Japanese peers; and, most importantly, China made all this new debt cheaper, which incentivized taking on even more debt, by easing monetary policy and slowing the RMB’s appreciation against the dollar.
As a result, debt surged. The Mckinsey Global Institute estimates the debt-to-GDP ratio in China rose from 158 percent in 2007 to 282 percent in 2014. In nominal terms, debt increased by over $20 trillion during this period, from $7 trillion to $28 trillion. This amounts to a quadrupling of Chinese debt in seven years, and a growth rate for debt that was twice the growth rate of nominal GDP
Much of this debt financed infrastructure and property development, as local governments felt pressure to meet arbitrary growth targets, and Chinese consumers continually parked their savings in real estate. Most is private-sector debt, or quasi-private debt issued by SOEs. As such, China’s corporate debt as a share of GDP is now over 160 percent, the highest in the world. Sitting at over $16 trillion, it is projected to reach $28 trillion by 2019, where it will make up 40 percent of corporate debt worldwide.
You keep droning on about "America's fear" and that isn't the point here.
New industries are not going into China
originally posted by: The2Billies
Right now there are 550,000,000 people on the planet, that means 549,500,000 must die "to save the planet"
originally posted by: Lysergic
a reply to: Smarties
Lets just do the apocalypse already.
originally posted by: Jay-morris
Here is a question for you. China owns about $1.1 trillion in U.S. debt. Why would China destroy America's economy and lose that debt? I am just talking about America, I am not talking about other western countries and the debt they own.
It makes no sense at all.
Fifteen-year-old boy dies of the Black Death in Mongolia amid increasing fears of an outbreak
Because you do not want to make any sense of it. China is 29 trillion in debt, with not a whole lot available to do to recover from it.
I have already suggested they are moving to an isolationist model, and will most likely look to gain growth in takeover and not business. In the end they are Communist who tried to play in the capitalist sandbox and it is not working.
Why release a virus? They are already in uncontrolled debt...maybe wipe the slate clean as they put the world in debt.
originally posted by: CrazeeWorld777
Fifteen-year-old boy dies of the Black Death in Mongolia amid increasing fears of an outbreak
www.dailymail.co.uk...
originally posted by: Jay-morris
Can you please post evidence that China has a 29 trillion DEBT?
Much of this debt financed infrastructure and property development, as local governments felt pressure to meet arbitrary growth targets, and Chinese consumers continually parked their savings in real estate. Most is private-sector debt, or quasi-private debt issued by SOEs. As such, China’s corporate debt as a share of GDP is now over 160 percent, the highest in the world. Sitting at over $16 trillion, it is projected to reach $28 trillion by 2019, where it will make up 40 percent of corporate debt worldwide.
This is simply not true. They are still in line to become the next super power, so what you say, makes no sense.
originally posted by: Xtrozero
originally posted by: Jay-morris
Can you please post evidence that China has a 29 trillion DEBT?
Read read this again... They are not the same thing as what you posted...
Much of this debt financed infrastructure and property development, as local governments felt pressure to meet arbitrary growth targets, and Chinese consumers continually parked their savings in real estate. Most is private-sector debt, or quasi-private debt issued by SOEs. As such, China’s corporate debt as a share of GDP is now over 160 percent, the highest in the world. Sitting at over $16 trillion, it is projected to reach $28 trillion by 2019, where it will make up 40 percent of corporate debt worldwide.
This is simply not true. They are still in line to become the next super power, so what you say, makes no sense.
Lol OK... you win...
However, the statement said that the classification of "unspecified" was used for cases of COVID-19 that had been diagnosed based on symptoms but not confirmed with laboratory testing.
originally posted by: Jay-morris
a reply to: Key2life
This is my point. It's ridiculous to think that China released this virus on purpose, but here lies the problem. Prople want to believe that. Prople want go believe every BS story that we are seeing about China.
A few years ago, it was BS stories about Russia to warp people's minds, and no it's China turn to get the treatment. I have just come a thread where people are actually excited about a war with China. Who mskes people think lime this? The government's.
And you know the most annoying thing? We are conditioned to not think about the terrible stuff our own government has done, and is still doing, yet point fingers at other countries, the countries our governments what us to point fingers at.
We are so easily led and conditioned by patrioism, that governments can pretty much get away with what they want.
As for China overtaking America. Just like on this board, it depends on who you speak to and where your aliences lie. It's always been that way. But people are desperate for China to fail, desperate for a war with China, desperate for all the bs stories about China to be true. Desperate to believe that chinese people eat babies!
And the same BS propaganda will be happening in China. It's called blind patrioism, and it will be the death us us all.
Where do you see calling for war with China.
Because 95% of the media and the websites i frequent have said its racist to say it's a Chinese virus.
There is literally zero anger toward china and more anger when. Trump said Chinese virus
Which is unnatural.
Because normal people get upset at others who have unleashed a deadly virus onto the world.
Not sit back and bend over