Very good analysis.
Taiwan is better than Russia.
India is better than Taiwan.
Hence, India is better than Russia.
Taiwan is also better than two times Indonesia.
Hence, India is better than two times Indonesia.
But Taiwan is scum.
Hence, Russia and Indonesia are worse than scum.
Enough...
Yup - India beat Taiwan.
Russia has a long way to go, before it can beat Taiwan.
Leave alone Indonesia. Even two Indonesia's will be smaller than Taiwan.
And numbers looks more like china's GDP numbers .. in terms of quality.
Enough said。
China doesn't hold cash dollars but US Treasuries (just like most other countries, off course).
As US interest rates increase treasuries will fall.
PV01 losses: more so for all those who bought US treasuries when the interest rates were low, thereby treasuries were costlier to buy.
Not many...
China is as smart as Soviet Union... It indeed had it years of "glory" for a few odd decades.
Unfortunately for you, much of your remaining life will be spent in a chine se equivalent of "post-soviet Russia", if not worse.
Only thing is that the people's republic doesn't seem to reaching...
Net asset value is $ 3 trillion, since China also has an external debt of $ 1 trillion.
Add up the net FDI into china for last 30 years .. if all those foreigners start selling the underlying assets purchased in China, in exchange of the FDI dollars ... you begin to have to either draw down the...
Yes, they have manhattan of their own.. maybe could house 10,000 people.
It was built with life saving of 20 million chinese workers.
How to choose the chosen "10,000" who will live in the manhattan of china ... and what happens to the remaining. Those remaining won't have the money to buy...
1. You have to assume that economic feasibility studies were done.
2. They were found to support all the investment decisions that were actually made (or just actually ordered from Beijing by fiat).
3. The cost of HSR actually manages to recover the investment in normal economic course.
HSR is...