Firstly the Chinese collapse is not coming, their industrial age is just starting.
Then to answer your question Chinese govt are a major shareholders in most of the banks doing the lending, they have a lot of economic armory at their disposal including lost of assets that they convert if things got tight and they needed to.
The era of industrialisation of both England and America I'd famous for its books and busts.
China is long overdue a bust.
WHAT WOULD EDDIE DO? MAAAATE! Share a cot with Milton?
Didn't you know that in China, the government regulates interest rates and it also owns the majority of banks .
Yes. But the the US dollar deposits are privately owned. Technically of course, the government owns everything, including all of the land and everything else and can reclaim it at any time. Hence the reason for capital flight, as mentioned earlier.
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and enterprises
Not the profitable ones.
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Oh and just in case you also didn't know that Chinese families own 90% of their homes giving them one of the highest homeowner rates.
The home ownership rate is always a good predictor of economic and technological backwardness. It points to an agrarian/peasant mindset that hasn't quite made it to the 21st century. Once China society evolves towards high technology, the home ownership rate will fall appropriately. I predict that Australia's home ownership rate will advance ever higher for the opposite reason.
Speak when you are angry and you will make the best speech you will ever regret. Ambrose Bierce
If there is a banking crisis the Chinese government can stand behind every rmb is the system. Just a matter of key strokes. The big downside is nationalizing the banks which basically the current system anyway.
They have probably had a financial crisis already, and the west would not even know.
Firstly the Chinese collapse is not coming, their industrial age is just starting.
Then to answer your question Chinese govt are a major shareholders in most of the banks doing the lending, they have a lot of economic armory at their disposal including lost of assets that they convert if things got tight and they needed to.
Japan
Whenever you have an argument with someone, there comes a moment where you must ask yourself, whatever your political persuasion, 'am I the Nazi?'
Not the same in my view, the Chinese expansion is far more comprehensive and all encompassing they are buying foreign companies, sports teams, and most importantly the worlds media.
China’s $10bn propaganda push spreads Down Under Hackles are raised over media deal to carry Communist party newspaper’s content
Just imagine if Chinese banks start expanding aggressively into the UK, the US, Australia everywhere and then lend to absolutely everyone in order to generate big profits.
Jon Snow
20 Sep 2016, 11:59 PM
The home ownership rate is always a good predictor of economic and technological backwardness. It points to an agrarian/peasant mindset that hasn't quite made it to the 21st century. Once China society evolves towards high technology, the home ownership rate will fall appropriately. I predict that Australia's home ownership rate will advance ever higher for the opposite reason.
So do you have many examples of this high ownership rates being indicative of an agrarian mindset throughout history?
Not the same in my view, the Chinese expansion is far more comprehensive and all encompassing they are buying foreign companies, sports teams, and most importantly the worlds media. Just imagine if Chinese banks start expanding aggressively into the UK, the US, Australia everywhere and then lend to absolutely everyone in order to generate big profits.
Oh, which major "foreign" companies do the Chinese own? Which sports teams? And I'd be curious to know which media.
I think that possibly came from the cake hole, but perhaps you're right.
What market share do Chinese banks have in the U.S., Japan, even little ol' Australia?
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