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Cafeblue32
5 hours ago edited
They'll blink because China needs to sell their cheap crap in order to make money to secure more IMF loans to keep building real estate no one is buying. Their entire economy is a Ponzi scheme of investors. While our economy consists of about 14% construction, China is over a third at about 34%. They currently have more vacant housing in China than they have people. But no one can afford to buy them anyway. China sells cheap junk, shows income, takes out huge loans, skims from top to bottom, builds shoddy construction with what's left and the whole thing repeats.
China's collapse in inevitable because of this. No one globally wants to buy their weapons because they're already outdated or cheaply made and substandard to US or European models. They really don't produce enough food to export and they consume more oil than they produce. It would do us well to become as independent from China as we possible can get, because as goes China, so goes most of the economies of the dependent west.
How the west ever allowed itself to go from seeing commie threats under every rock in the 1960s to going into business with them and becoming dependent them just ten years later is something scientists should be studying as a wonder in human psychology.
anon-b24t Cafeblue32
4 hours ago
The answer is: Corrupt politicians and excessively greedy corporatists.