China bet hard on developing countries because the developed world isn’t growing at a rate that can keep up with China’s economic growth targets. In fact, we’re very quickly running towards the crossover point for Chinese trade dependence on the West vs. on the rest of the world.
Also, a big chunk of Chinese exports to the West is in computers and consumer electronics… Markets which have seen a huge slowdown due to commoditization and aggressive political lobbying from the US.
it’s the year of the
linux desktopchinese collapseLucy-football-dotjpeg
Ahh yes, China is going to collapse with its measly 5.2% growth despite global economic malaise.
No, but it’s going to take a pretty good ding to eat that Evergrande turd.
Xi is shitting his pants right now
No, but the country is going to go through a lot of economic pain.
