Chitchat When China catches a cold, the world gets a flu?

[WujiBo]

Global economic collapse coming your way?

Or it is just western media trying to screw China?

China | The Guardian
China's property frenzy and surging debt raises red flag for economy
by Agence France-Presse / Today, 7:52 AM
Outstanding loans have risen sharply to 40% of GDP but analysts fear the end of the credit binge could trigger a crisis for the wider world

Chinese household debt has risen at an “alarming” pace as property values have soared, analysts have said, raising the risk that a real estate downturn could wreak havoc on the world’s second largest economy.

Loose credit and changing habits have rapidly transformed the country’s famously loan-averse consumers into enthusiastic borrowers.

Related: 'This is just the start': China's passion for foreign property

Related: How Australian households became the most indebted in the world

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[syed putra]

If it happens, it happens.

 

[The_Hypocrite]

China is a country that practices trading policies that benefits itself. Exports etc are prioritise n imports r discouraged. No matter wat..it always pursue a trade surplus..so basically it's an economic parasite..so it gets a cold it's disruption is overrated