Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives -- Ignore unavailable to you. Want to Upgrade?

To: Hawkmoon who wrote (174996)	5/31/2022 6:12:35 PM
From: skinowski	1 Recommendation Recommended By Hawkmoon Read Replies (2) \| Respond to of 220065

The total value of China's bond market topped US$15.4 trillion, ranked above that of Japan and the U.K., and second only to that of the U.S. with US$40 trillion, as of the beginning of September 2020. China's GDP was US$17.7 trillion (114.4 trillion yuan) in 2021, up 8.1% from the previous year in yuan terms, overtaking the European Union.……..China also has the world's largest total banking sector assets of around $45.838 trillion ……..As of 2021, China was home to the largest companies in the Fortune Global 500 and 135 are headquartered in China. [60] [61]China is also home to more than two hundred privately held technology startups (tech unicorns), each with a valuation of over $1 billion, the highest number in the world. en.m.wikipedia.org That’s a country where 30 years ago the majority of the population lived at subsistence levels, on a couple of cups of rice a day. Communists don’t ordinarily do that. “Normally”, they opt for maximizing control - and the result is chronic stagnation. I think it was Deng, who said, decades ago, something like “To get rich is glorious”. OTOH, they do have strong fascistic elements in their system - the government has plenty of control over the private economy. It seems that while their political bosses want power and control - they also want to preside over an affluent, successful nation. Clearly, it’s a strongly authoritarian regime. Mao - like Stalin or Hitler - was a megalomaniacal evil person. He was going to create a new, enlightened, communistic man. Naturally, he became one of history’s greatest murderers. I don’t think they’re much into Mao anymore. I’m really no expert on China. But overall, my sense is that they would be unlikely to throw away all they’ve accomplished - and risk a major war and possibly annihilation- just to create a distraction from an economic slowdown. Every nation goes through recessions, depressions, etc. Doesn't look like they’re there yet.