How is eliminating failed management and ensuring the money held in the bank covering it up?
Do you not know how the economy works in China? Over 60% of the economy is public sector, while some of that is just state investment, some is also failed private sector businesses that still would serve a purpose without profit motive.
It would be ridiculously cruel to allow a bank to fail while it still holds the savings of ordinary citizens. And it would be ludicrously stupid to bail out failed companies and just allow them to continue functioning as they had. So you buy them, change the mission, replace the management, everyone except the rich fucks win
Go back to any month in any year in the last thirty. You’ll find the same type of opinion pieces from the same people. Despite this China has raised the most people out of poverty in all of history, and has matched the US’ s GDP.
Pointless ‘china is really failing this time despite us being wrong the last 2000 times’ articles prove absolutely nothing. Because China isn’t trying to be profitable. They are not an oligarchy like euro nations. They are not a kakistocracy like the US. Their economy is fundamentally different.
China has raised the most people out of poverty? You sure aboIt that? How has that chinese navy been keeping global trade going? That’s right, it hasn’t because China has no blue water ships. They are totally dependent on America keeping global shipping lanes clear. If tiawan wanted, they could blockade China and bankrupt that fragile economy in 6 months. China was lucky to raise those people out of poverty since mao put them there. How did those 4 pests work out?
China will never be a global power because they can’t innovate. They can only steal. Because of their top down culture, the military is dog shit and no threat to anyone. So yes, the entire chinese economy is fake and built on poor contrsution that cut corners.
Then why did China buy up 40 banks to cover it up?
How is eliminating failed management and ensuring the money held in the bank covering it up?
Do you not know how the economy works in China? Over 60% of the economy is public sector, while some of that is just state investment, some is also failed private sector businesses that still would serve a purpose without profit motive.
It would be ridiculously cruel to allow a bank to fail while it still holds the savings of ordinary citizens. And it would be ludicrously stupid to bail out failed companies and just allow them to continue functioning as they had. So you buy them, change the mission, replace the management, everyone except the rich fucks win
https://www.cnbc.com/2025/01/10/chinese-commercial-banks-have-a-challenge-they-cant-lend-enough-and-.html
https://www.barrons.com/articles/banking-crisis-china-property-sector-economy-xi-905b35c1
https://www.euronews.com/business/2024/02/27/what-are-shadow-banks-and-why-are-they-failing-in-china
Yeah, China is strong…
Go back to any month in any year in the last thirty. You’ll find the same type of opinion pieces from the same people. Despite this China has raised the most people out of poverty in all of history, and has matched the US’ s GDP.
Pointless ‘china is really failing this time despite us being wrong the last 2000 times’ articles prove absolutely nothing. Because China isn’t trying to be profitable. They are not an oligarchy like euro nations. They are not a kakistocracy like the US. Their economy is fundamentally different.
China has raised the most people out of poverty? You sure aboIt that? How has that chinese navy been keeping global trade going? That’s right, it hasn’t because China has no blue water ships. They are totally dependent on America keeping global shipping lanes clear. If tiawan wanted, they could blockade China and bankrupt that fragile economy in 6 months. China was lucky to raise those people out of poverty since mao put them there. How did those 4 pests work out?
China will never be a global power because they can’t innovate. They can only steal. Because of their top down culture, the military is dog shit and no threat to anyone. So yes, the entire chinese economy is fake and built on poor contrsution that cut corners.