Comments by "Serenity" (@SerenityM54L2SAM5L5N1) on "Gravitas: How debt defaults in China could impact the global economy" video.

  1. China has 4 state-owned companies (including the PLA) with over a million employees each. The largest state-owned "corporation" is the Pentagon in the US, though, with 3.2m employees.
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  2. Another global recession (worse than the current one) would be inevitable if the largest country on earth's in-debt corporations were forced to default on their debt. I doubt it'll be allowed to happen without a fight. A big player crashing down on the market could also result in plenty of destabilizing and fast growing butterfly effects that negatively impacts global security/peace as well.
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