Is China's Success Real?
I keep looking at all the wonderful things being achieved by China in such a relatively short period of time. I see blogs on the internet talking about China's infrastructure being far superior to anything in the West. I hear about the achievements having occurred at unbelievable speed. Then I wonder, if it was that simple, why didn't any Western country do the same? Possibly because they weren't big enough? Maybe... Then I look at the debt China has accumulated. They have a GDP of $18 trillion US. If you listen to Kyle Bass, who claims to have studied the Chinese financial system closely, their debt is 350% of GDP. That's almost $70 trillion US. Who owns that debt? When is it due? Can it be peacefully rolle/d over? Is the CCP pretending to be successful, but hiding behind promises they can't possibly keep? Since the Chinese administration runs inside a black box, we can't know when promises are due. We can't know if those debts can be rolled over. We can on...