Chinese Reality Check

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The last time China hit a recession, in 2008, Beijing dumped massive stimulus into the economy. This time, China’s debt — over $50 trillion — has grown to the point it can’t afford it.
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When the US economy catches cold, China gets pnumonia.

Because, let's just say it: China's economy is mercantilist. They are a remote manufacturing outpost for the West. They design nothing. They market little, directly. They have benefited from the Globalist takeover of American and European corporations - which have been turned from vertically-integrated manufacturer-marketers, into drop-shippers or marketers.

Nearly every industry you can imagine, outside of automotive - and that, soon, will go the same way. Western designs - so far. Orders delivered to Chinese "companies" (fronts for the Party) who order in batches or job lots, with promise to take delivery. The Western former-manufacturers then market what they've received - caring little about the shocking drop in quality compared to the products they formerly made themselves.

So now the American consumer, who lost disposable income, who ran out of credit...he's now folding. Demand shrinks - first from the American drop-shippers; then to batch orders to the CCP plants.

CHINA has no domestic market. Any more than a prison-labor plant can have an internal market or demand for what's produced. No orders, the peasants are...not just laid off; they're moved, like cattle, to whatever the CCP can dream up to keep them busy. Or, as Mao did in the past, moved to the trenches. The Grate Leap Forward - into the ditch, with a bullet to the head.
 
Ray Dalio said:
Last week, China's leadership—including President Xi Jinping, the Politburo, the CSRC, and the PBoC—clearly 1) announced a reflationary barrage of fiscal and monetary policies and 2) made statements in support of free markets as a big step to end the deflationary deleveraging and to stimulate creative productivity. That happened at the same time as 3) Chinese assets were (and still are) very cheap, so it was a combustible combination of influences that set the markets on fire. It was a big week. In fact, I think that it was such a big week that it could go down in the market-economic history books as comparable to the week Mario Draghi said that he and the ECB would "do whatever it takes,” if China’s policymakers, in fact, do what it takes, which will require a lot more than what was announced.

I will now be more specific.
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