Quote:
Originally Posted by cttransplant85
China is a house of cards waiting to tumble. You think our debt problem is bad? Their debt to gdp is estimated at 300%. 80% of their business which are essentially publicly owned are insolvent. They have the world’s largest malls, amusement parks, cities completely empty. They have the world’s oldest workforce and population because of the stupid one child policy. Top down government simply doesn’t work; the government can not allocate resources, innovate, improve quality of life as well as the market can.
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If you have really been to China, you won't say so.
The so-called empty cities almost always get filled in a few years. Western media only tell you the first half of the story.
They have over 40% rural population and urbanization still has a long way to go.