China's exports are increasing despite the USA's actions on tariffs and the USA's compelling European countries to act against China.

It appears that China is broadening its exports into South America and Africa.

The USA is losing wars in Ukraine and Gaza and is now losing the trade war against China.

https://apnews.com/article/china-trade-exports-imports-tariffs-cc1727f45e6104284...

Quote:

"China is in the midst of a profound economic crisis. Growth rates are flagging as an unsustainable mountain of debt piles up; China’s debt-to-GDP ratio reached a record 288% in 2023. But even that eye-popping figure does not capture the uncomfortable fact that much of it was borrowed to buy assets that no longer yield enough income to repay the debt. This is especially true in the housing sector, where sales have fallen by a third since the pre-pandemic peak, and new construction is down 60%. This is one of the worst housing crashes in the world over the last three decades."

...

"The bubble is already bursting. Chinese creditors have now scaled back new lending and raised interest rates, following government guidance announced as the “Three Red Lines.” As the most indebted Chinese bulls go bankrupt or panic sell to repay their loans, prices are falling further as their bear counterparts jump back in and buy assets at fire-sale discount prices. That will eventually put a floor on the price collapse but it is also redistributing wealth rapidly from debtors to creditors. Bears feast on the bulls during every crash."

https://time.com/6835935/china-debt-housing-bubble/

But all is not well in China.

Poor LTYC. Did nothing to refute. Just more of his propaganda.

Laugh till you cry wrote on Jul 16^th, 2024 at 1:59pm:


this is true

ive beenhearing these claims since 2008, it never happens