Chinese borrowers default in record numbers as economic crisis deepens

[CIA Mole]

did not know china doesnt allow bankruptcy

 

[Bilal9]

https://pitchbook.com/news/articles/us-loan-default-rate-ends-2022-at-072-downgrades-distressed-volume-in-focus

 

[Viet]

Bitter times ahead for young chinese. Ccp turns against the west it now gets the check.
Companies leaving the country. Investment collapsing. foreigners withdrawing the money from China in record numbers. But no problem the russians will help.

 

[CIA Mole]

Bitter times ahead for young chinese. Ccp turns against the west it now gets the check.
Companies leaving the country. Investment collapsing. foreigners withdrawing the money from China in record numbers. But no problem the russians will help.


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[Viet]

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Xi Jinping suffers under own hubris. USSR collapsed not because of nihilism (what is that?) or denial of mass murder Stalin but economic weakness and overdrive militarism. At the end people in USSR and eastern communist blocs went hungry to bed for making more tanks.

 

[CIA Mole]

Xi Jinping suffers under own hubris. USSR collapsed not because of nihilism (what is that?) or denial of mass murder Stalin but economic weakness and overdrive militarism. At the end people went hungry to bed for making more tanks.

historical nihilism means straying from official party narrative of history

it’s not what it means that’s important, it’s what he wants to do with it that’s important


does it mean people should have fully backed stalin like they should back him despite his major fuckups?

 

[Viet]

historical nihilism means straying from official party narrative of history

it’s not what it means that’s important, it’s what he wants to do with it that’s important


does it mean people should have fully backed stalin like they should back him despite his major fuckups?

It’s always dangerous to put the fate of a country into the hands of a man.

if you are lucky, the psychopath can lead the country into the paradise, if not, well, he throws the country into the next trash bin. If he succeeds he takes all credits. If failing he will blame the nazi, the mars aliens, the earth worms or nihilism.

 

[Get Ya Wig Split]

The economic gap between the United States and China has increased to 10 trillion dollars this year. The American GDP is expected to exceed 30 trillion dollars next year.


USA numero uno:

 

[Menthol]

The economic gap between the United States and China has increased to 10 trillion dollars this year. The American GDP is expected to exceed 30 trillion dollars next year.


USA numero uno:

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The economy was built based on debt.

Basically, it's a Ponzi scheme.

That's why population decrease is a nightmare, because future generations are going to pay double for the debt they never take.

The internal debt is fine, because somehow, it's the way it's written in the book.

Like I earned USD 1 million from my oil company, and my automotive company needs an expansion, instead of just injecting USD 1 million to my automotive company, I write it as a debt. So once my automotive company is profitable, it needs to pay back to my oil company. Basically, I'm borrowing money from myself.

The most dangerous is the external debt, because you are borrowing money from others.

 

[CIA Mole]

The economy was built based on debt.

Basically, it's a Ponzi scheme.

That's why population decrease is a nightmare, because future generations are going to pay double for the debt they never take.

The internal debt is fine, because somehow, it's the way it's written in the book.

Like I earned USD 1 million from my oil company, and my automotive company needs an expansion, instead of just injecting USD 1 million to my automotive company, I write it as a debt. So once my automotive company is profitable, it needs to pay back to my oil company. Basically, I'm borrowing money from myself.

The most dangerous is the external debt, because you are borrowing money from others.

internal debt is dangerous as it drags down productivity and places burden on society

people stop having children because they can barely support themselves and government


i call the america government my 3rd child due to the 30% or so taxes I pay

but in china japan korea the tax burden is probably more like 3 kids which is why they have no kids

 

[Puffin]

The economic gap between the United States and China has increased to 10 trillion dollars this year. The American GDP is expected to exceed 30 trillion dollars next year.


USA numero uno:

India's economy has surpassed that of UK and is in hot pursuit of Germany's GDP , your stats are out of date

 

[Menthol]

internal debt is dangerous as it drags down productivity and places burden on society

people stop having children because they can barely support themselves and government


i call the america government my 3rd child due to the 30% or so taxes I pay

but in china japan korea the tax burden is probably more like 3 kids which is why they have no kids

If it's credit card debt like in South Korea, it will.

China is almost fall into that problem, that's why Jack Ma, the Alibaba boss was taken down.

Jack Ma was going to launch a fintech app for the masses, but was stopped.


But yes, taxes, credit card debt, online debt.

Indonesia is also having a problem with the online credit right now.

In just a couple of years, the debt increases up to USD 1.5 billion.

 

[CIA Mole]

If it's credit card debt like in South Korea, it will.

China is almost fall into that problem, that's why Jack Ma, the Alibaba boss was taken down.

Jack Ma was going to launch a fintech app for the masses, but was stopped.


But yes, taxes, credit card debt, online debt.

Indonesia is also having a problem with the online credit right now.

In just a couple of years, the debt increases up to USD 1.5 billion.

Lol so without credit cards countries dont have recession?

lets make it easy then, all countries ban credit card and online debt

 

[Menthol]

Lol so without credit cards countries dont have recession?

lets make it easy then, all countries ban credit card and online debt

The problem is financial irresponsibility, especially by young people.

What they had done wrong during the young age, the damage will last up to the rest of their life.

At least, the government should do something to educate or through government policy, to prevent misuse and financial irresponsibility.

 

[CIA Mole]

The problem is financial irresponsibility, especially by young people.

What they had done wrong during the young age, the damage will last up to the rest of their life.

At least, the government should do something to educate or through government policy, to prevent misuse and financial irresponsibility.

asking the government to teach financial responsibility

lets do that lol