Things have changed, in our favor.
At home China is demographically screwed. The 1 child policy destroyed the next generation. They do not have enough people to replace the ones that will retire out in the next ten years. 1 child policy = 1 child has to support 2 elderly parents, their own children, and themselves.
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China built much of its current economic growth on the back of an explosive housing market. Which now increasingly turns out to have been a pyramid scheme. The country is going into a massive economic downturn:
Breakingviews - China property crisis enters dangerous next phase
China’s property crisis is leaping out of the frying pan and into the fire. Homebuyers in 22 cities are refusing to make mortgage payments on unfinished homes, Citigroup reports. The rare protest extends the risk of defaults from offshore developer bonds to banks with $6 trillion of mortgages...
Basically:
1: sell home before it is built
2: run out of money
3: borrow money from the government
4: lease additional land from China's government, grease the correct officials pocket
5: sell more homes before they are built on newly leased land from step 4
6: use the influx of cash to complete the homes from step 1
7: goto step 1
Today is the strongest China will ever be in our lifetime. Every day China is getting weaker and more unstable as the true scale of its economic mismanagement unfolds. Those idiots flushed $6 trillion dollars down the toilet. They need to come up with that $6 trillion somehow or China is done.
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All we have to do is wait it out.
The CCP shot China's future in the back of the head, and billed the next generation for the bullet.
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