As a peer mentioned, China has 12 million unemployed men. That's more than in all of NATO.
> China imports vast quantities of goods, so yes, debt matters.
Yes, external debt matters. However, they don't have much external debt.
And China's imports are decreasing faster than their exports are. And that trend will accelerate because the two biggest are electronics which we are sanctioning and oil which they are rapidly weaning themselves off of.
> China imports vast quantities of goods, so yes, debt matters.
Yes, external debt matters. However, they don't have much external debt.
And China's imports are decreasing faster than their exports are. And that trend will accelerate because the two biggest are electronics which we are sanctioning and oil which they are rapidly weaning themselves off of.