So how fucked are we? >An economic slowdown and extremely tight credit conditions pushed corporate debt to a record high in China last year, according to experts. >Defaults for Chinese corporate bonds — issued in both U.S. dollars and the Chinese yuan — soared last year, according to numbers from two banks. >China witnessed an unprecedented wave of corporate bond defaults last year, in a fresh sign of wobbles hitting financial markets as slowdown deepens,” said DBS analysts in the report. >The default wave is extending into 2019 ... Given the reduced risk appetite and huge maturing volume, the outlook is poor,” DBS said, adding that there are 3.5 trillion yuan in corporate bonds due this year.
Xi the utter madman Draining the swamp before our eyes
>inb4 Winnie the pooh
Owen Bell
AAAARRRGGHHH
Wyatt Green
Isn't the chinease political doctrine extreme marxist accelerationism? They've been nominally marxists since Mao, but were feudal before that. They quickly understood that you can't skip capitalism before communism.
John Hughes
A billion chinks starving to death is unironically one of the best things that could happen to humanity. Throw a billion niggers, a billion pajeets, and a billion durka durkas on the pile as well and it would almost be as good as if the Holocaust had really happened.
Gavin Reyes
Biggest war ever coming. Even bigger than the The Finno-Korean Hyperwar
Oliver Butler
Can the chinese feed themselves under a bad reccession? I know they are highly protectionist with their agricultural production, but it's hard to imagine them being able to feed over a billion people if no one's buying their shitty products anymore.
