RE:ChinaI'm not buying the "China woes" story for one single minute. China is conducting a SunTzu feint. Who was SunTzu? Only their greatest military leader, said to have never lost a battle. ( or else he had a great PR firm ) Anyway, one of 'ole Sun's classic tactics was..... "When you are strong, appear weak." And that exactly what China is doing. Why? To finish buying up on-the-cheap all the commodities and raw materials they need for their next growth stage as they keep rolling out the Belt & Road and cut deals with the rest of the Global South to be the "go-to" place to get "whatever". 99% of Westerners don't understand China, and never will. That's just the way it is. Why? Because Westerners can't get out of their ego-centric "Western" mindset. If a person or a civilisation can't learn to think differently than their own perspective, they will never, ever understand some other person or civilisation. I've been lucky to have had a Chinese friend for the past 48 years. He came to America when his parents fled Mao's Gulag in 1952 and he was 3 years old. What I've learned from him has been invaluable in understanding why China operates the way it does. And from SunTzu. As for Evergrande, just keep this clearly in mind:
China operates its banking and credit system as
a Public Utility. This difference makes all the difference.
bobofet wrote: Wonder how this China economic turn may affect gold? Not thinking it would be great as in most turn to the American dollar, but some may turn to Gold? Or may this be a contagion? So many question so little factual information given to the common folk. signed..... Evergrande Group Files for ? you guessed it..