kvs wrote:China can undergo a crash, but its long term prospects are good since there is a lot of development left
to go. China's GDP is nowhere near saturation level. Nothing is constraining China's growth since it
still has access to affordable energy and food. It actually has an industrial sector and can feed it with
the necessary resources to function.
By contrast, the USA, Canada and most of the EU are some sort of zombie consumer economies which float
on catabolic residual consumption as the middle class disappears. Without debt there would be no
OECD economies aside from special export dominated economies like Germany. Offshoring jobs and introducing
trickle down voodoo based on merchant profits from imported junk costing next to nothing resold for western
prices cannot be a long term economic model. At some stage true 3rd world conditions are reached (99%
dirt poor and 1% rich).
The western propaganda about China's economy is the same hate fantasy projection as in the case of Russia.
The western fake stream media is a total waste of space.
Is there any thing Russia can do help China become stronger financially and in bargain gain most from it.
Like Trade Russian Energy in Chinese Renminbi or keep Renminb in Forex and buy Chinese Government bond ?