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Comments by "" (@thomasherrin6798) on "The End of The China Economy Growth Story: Local Fiscal \u0026 Debt Crisis | EU-China" video.
The CCP has a get out of repayment clause on any business or financial instrument in China, it's mostly been levelled against foreign investors to date!?!
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@jerryrichardson2799 It will if it's a big problem, and it's heading that way!?!
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The silly thing is it's funded by non productive debt and Stimulus which is not allowed in the EU and it has a higher carbon footprint as the regulations in China are a lot less, but China gets away without reproach while the EU goes spiteful on the UK, they are so precious, that's why the EU World Trade is set to fall from 15% to 11% by 2050!?!
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China is not an economic dynamo, it is financed by non productive debt and state subsidies, not permitted in other countries with which it trades and under the rules!?!
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