Contrary to the growing conventional wisdom China is totally incapable taking on a global leadership role politically or economically
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It's easy for ASEAN leaders to praise china now as long as china is growing fast and they are under US military order, things will look very different with no USN and a china that can't provide cheap loans
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Nice series of tweets. No one rational believes the current growth numbers, but why do you think China will simply stop growing? They're still a middle-income country and even a much older, more advanced japan grew after a MASSIVE bubble.
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Also, why do you think that China will be unable to offer loans going forward? And why do you think the US Navy will pull back? No indication of that. Further, as I understand it, most of these cheap China loans are quid pro quo. You get the money if you use Chinese contractor.
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it won't be able to provide loans forever because loan growth is > than gdp growth As for USN, i am questioning assumption that if US falls apart, china will be able to replace it
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Because debt funded real estate bubbles always end in growth slowdowns, With the current debt to gdp and debt growth dynamics china will probably have a crash in next decade
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if china doesn't crash doesn't the whole world should adopt Dengism because it will be a unique case
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