I’m sorry, what? China has a mountain of debt and the housing bubble is swallowing up any savings an average household could accumulate. Turns out pouring more concrete in a decade than the USA poured in a century comes at a cost after all. This might be news to some but it shouldn‘t come as a surprise.
What definitely shouldn‘t be news to anyone at this point is China‘s inevitable demographic time bomb that‘s about to go off. China‘s population is aging much more rapidly than any other demographic in the world and soon a huge chunk of their workforce will retire with way too few workers to replace them.
These things will put a strain on China’s economy that makes Japan‘s bubble burst look like a cakewalk.
Japan was stopped with the power of the dollar. China doesn’t even have the dept to try that on China.
Which challenges does China have and why should India be able to take their spot?
I’m sorry, what? China has a mountain of debt and the housing bubble is swallowing up any savings an average household could accumulate. Turns out pouring more concrete in a decade than the USA poured in a century comes at a cost after all. This might be news to some but it shouldn‘t come as a surprise.
What definitely shouldn‘t be news to anyone at this point is China‘s inevitable demographic time bomb that‘s about to go off. China‘s population is aging much more rapidly than any other demographic in the world and soon a huge chunk of their workforce will retire with way too few workers to replace them.
These things will put a strain on China’s economy that makes Japan‘s bubble burst look like a cakewalk.