"China’s economy is not just about providing jobs, goods and services. It is about regime survival for a Chinese Communist Party that faces an existential crisis if it fails to deliver. The overriding imperative of the Chinese leadership is to avoid societal unrest." " Essentially, China is on the horns of a dilemma with no good way out. On the one hand, China has driven growth for the past eight years with excessive credit, wasted infrastructure investment and Ponzi schemes. " Source: Rickards Warns "Prepare For A Chinese Maxi-Devaluation" - Zerohedge
Economist & Investor | US NIIP at -$27.61 trillion (89% of GDP) | € at 2.5-3 $ by 2035 | US Assets < US Liabilities | US Net Worth < 0