Thread: China's debt

Hmmm, so big businesses own American.......who'da thunk it.

Are you getting this from FOX news Really... Let's put our thinking caps on and THINK! China... Huge... Communist.... Country... Wanted to help Greece out by buying their debts... Helping the US by buying our debts... Does not seem that China is in a financial problem to me. Sure I am not looking at the ying 24/7 but I do have enough sense to know that China has enough money to help out anybody.

Originally Posted by TrueKings3

Are you getting this from FOX news Really... Let's put our thinking caps on and THINK! China... Huge... Communist.... Country... Wanted to help Greece out by buying their debts... Helping the US by buying our debts... Does not seem that China is in a financial problem to me. Sure I am not looking at the ying 24/7 but I do have enough sense to know that China has enough money to help out anybody.

I wouldn't be surprised if this article is accurate in many regards. China does spend an exorbitant amount of money on infrastructure and building up the cities as fast as humanly possible, as well as developing subway systems, and other modes of transportation all across the country. China may take in a LOT of money but they also don't manage it very well. (Not to mention the billions and billions of RMB lost to crooked government officials)

Originally Posted by DJ Mr. White

ROFLMAO, why don't you ask Nuckle or Civil what my stance on Fox News is.

Oh boy lol. Here we go.



But at any rate. There have been some other articles in recent months/years regarding China's finances and growth prospects. I am not surprised by this article.

Sent via highly charged bolt of electricity.

I wouldn't doubt that China has financial problems they have Afterall Lost their biggest trading partner....... US. People aren't buying stuff Chinese or otherwise. On top of that I wouldn't Invest in Greece would you ??

Originally Posted by BruceBloodMaster

I wouldn't doubt that China has financial problems they have Afterall Lost their biggest trading partner....... US. People aren't buying stuff Chinese or otherwise. On top of that I wouldn't Invest in Greece would you ??

A lot of people are buying Chinese products. One simple example is all the parts and assembly for apple products is in China, among many many other products.

Well, shit, at least they are getting something useful out of their debt. They get infrastructure, we get tax cuts for the wealthy. The similarities seem to be that we both went too far. The Chinese started building infrastructure they didn't even need, while we were cutting taxes that didn't need to be cut and not touching the spending levels (*cough*Defense*cough*). Two different sides of the same coin, apparently.