Re: China Debt Crisis Looming?
in response to
by
posted on
Aug 29, 2022 09:09PM
And some criticism from inside China has begun regarding the Chinese government Zero Tolerance policy about COVID-19:
A combination of strict governmental response to the COVID threat and a real estate bubble bursting could foretell possible serious consequences in domestic political China. Factor in the economic and personal effects of one of its worst droughts and that could be a 1-2-3 punch in the gut. "Could be", but China is resilient and has weathered severe storms in the past.
Will Xi be approved for another 5 years in power this Fall? Inquiring readers want to know. Most likely he will be approved and continue on at the reins and in control, but not everything is "Rosy" for his administration right now.
Okiedo