China's economy in crisis, on the brink of collapse?
China's economy in crisis, on the brink of collapse?
After years of exceptional growth built on local government and private-sector debt, the world's second-largest economy is facing the bursting of its real estate bubble and a severe slowdown.
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China bet hard on developing countries because the developed world isn't growing at a rate that can keep up with China's economic growth targets. In fact, we're very quickly running towards the crossover point for Chinese trade dependence on the West vs. on the rest of the world.
Also, a big chunk of Chinese exports to the West is in computers and consumer electronics... Markets which have seen a huge slowdown due to commoditization and aggressive political lobbying from the US.
You hit the target exactly on the spot, I hope you're already diversified in crypto in preparation
Spamming the entire comment section with this. But maybe, diversify back into some fiat