To: John Pitera who wrote (126918 ) 12/23/2016 3:17:53 AM From: elmatador 1 RecommendationRecommended By John Pitera
Read Replies (1) | Respond to of 217699 China continues to experience adverse issues with there massive exponential expansion of debt over the past 15 years..Thanks for this JP. That debt was comfortably built as had exports' income as collateral. I am trying hard to point that as the exporting model sputters, it is no longer sustainable to continue the credit expansion. One cannot be too astute for his own good. I saw Brazil's economic policies of the late 70s and early 80s being too astute for their own good and they suffer hyperinflation and 14 years lost decade and a half, I saw Asian Miracle tank with terrible consequences in 97-98 aka Asian meltdown. Jakarta was bruning in CNN and I could se the smoke from my house in South Jakarta. There are forces working against Xi's policies of cleaning up the place. I am speculating here that him grabbing imperial powers and amassing everything in his hands is because he wants to make sure these forces cannot hit him. China’s chairman of everything Xi Jinping ’s autocratic and imperial ambitions should be resisted, argues Simon Long As they gather in the autumn for their five-yearly congress, the nearly 400 members of the Chinese Communist Party’s Central Committee will see their place in history take shape. This congress, the 19th , comes after 68 years of uninterrupted rule by the party. If it stays in power until the 20th , China will have overtaken the former Soviet Union as the world’s longest-lasting communist dictatorship. The comrades may be congratulating themselves already: there are few imminent threats to their control. Under Xi Jinping , the leader they appointed in 2012, economic growth has slowed but remained above 6% a year. Pro-democracy dissidents and separatists in Tibet and Xinjiang are easily quelled. America, far from preparing for the collapse of communist rule, is scrambling to cope with China’s rise