Chinese Century
BANNED
- Joined
- Apr 15, 2011
- Messages
- 582
- Reaction score
- 0
The chinese needs to study some basic economics.
Ghost Towns in China Prove GDP Is a Farce
Damien Hoffman: Ghost Towns in China Prove GDP Is a Farce
Government officials in China, the largest foreign holder of U.S. debt, have been chastising the U.S. over Standard & Poor’s downgrade to AA+.
Guan Jianzhong, chairman of Dagong Global Credit Rating, has said the U.S. dollar is “gradually [being] discarded by the world,” and the “process will be irreversible.”
But China’s debt-to-GDP ratio is worse than the United States’ ratio. It is worse than insolvent Portugal, which is now relying heavily on the European Central Bank for help, and had to go to the International Monetary Fund to get a financial bailout.
Damien Hoffman: Ghost Towns in China Prove GDP Is a Farce
By Aljazeera
LMAO.
chinese debt is higher than US debt? lol
US debt is over $200 trillion counting all their debts.
china is building new cities to move people into them, u indians wouldnt have the slightest clue what china is doing.
instead of people moving into existing cities, china is building new cities to relieve the over crowded populations in the eastern part of china due to urbanization.
indians can only quote china hating westerners and retarded indian analysts.
Last edited by a moderator: