Comments by "D W" (@DW-op7ly) on "Nobel Laureate Krugman: China's Economic Model Is 'Not Sustainable'" video.

  1.  @drscopeify  Krugman has also been a member of the White House Council of Economic Advisors under President Ronald Reagan, advisor to the World Bank, the IMF, the Trilateral Commission, and the UN. He teaches economics and international affairs at Princeton University. Previously, he also taught at Yale, Stanford, MIT, and Harvard. Wikipedia
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  2.  @drscopeify nothing wrong with debt it’s if you can pay it back China has 2.4 trillion in external debt it can pay back No one is saying the USA is about to crash right now… but they are saying that about China Unsustainable model for who? Even though the Chinese Central Government is cracking down in real estate speculation Slowing down the economy? The Chinese people have added 2.6 trillion to their savings in 2022 And 1.8 trillion to their savings for first 10 months of 2023 The Chinese Government is actually pushing their people away from investing in real estate, and to invest in technology/industries instead. (What’s 4 houses vs 5 This is where China leads the world in 37 of the 44 critical technologies of the future already As they will pile even more money into these future technologies My prediction is the Chinese Government will have to step in and regulate yet another overheated sector (technology) in the future Where Blinken,Yellen & their successors will have to keep going to China to beg them not to dump their cheap high tech onto the rest of world Most people have no clue what’s coming, as they supercharge their exports with their new innovative high tech products 👇 Chinese Consumers Are Saving Rather Than Spending Amid Economic Downturn Dec 21, 2023 — Chinese households have added 13.8 trillion yuan ($1.89 trillion) The middle class is also prioritizing savings and seeking safe investment opportunities, according to the report. Chinese households have added 13.8 trillion yuan ($1.89 trillion) in savings in the first 10 months of the year, an 8.5% increase from the previous year. Pymnts
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