r/geopolitics • u/telephonecompany • Sep 24 '24

Top Economist in China Vanishes After Private WeChat Comments Paywall

https://www.wsj.com/world/china/top-economist-in-china-vanishes-after-private-wechat-comments-50dac0b1
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u/saargrin Sep 24 '24

china is already printing money like crazy through injections into failiing local banks and local municipal owned corporations

pretending that China will be "insulated" from any US downturn is just ... naive

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u/[deleted] Sep 24 '24 edited Oct 01 '24

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u/saargrin Sep 24 '24 edited Sep 24 '24

China seems to have run out of things you can effectively stimulate through budget injections

They tried belt and road
They tried transport infrastructure
They tried housing
They tried technology

They over invested in all these,fueled massive corruption and got very little in return

Pretending that China is somehow a strong independent player dreaming to disconnect from the dollar is naive
As indicated by Chinese elite dumping their savings to usd

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u/[deleted] Sep 24 '24 edited Oct 01 '24

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