$BTC Many experts consider China's economy UNDER-appreciated đšđł How do you like the opinion of US Deputy Secretary of State Jay Shambaugh about the "Asian miracle" â
He believes that China produces in excess, exceeding its domestic demand and dropping world prices in industries.
Probably everyone has seen HORRIBLE footage of empty high-rise buildings in China with a huge number of homeless and poor people. But someone paid for these constructions. Although China is communism, the authorities do not settle poor people in empty neighborhoods, on the contrary, they limit moving from villages to the city.
It turns out that China's surplus production is not for the benefit of the population, although it creates jobs. Surpluses to reduce production in other countries and jobs in them, remove competitors. China's share in world production is already 30%. In his opinion, such an imbalance can lead to great risks and destabilization.
It sounds like there is a need to calm the ardor of the Asian giant, or rather, a bubble has already been identified that needs to burst. How and at what expense, we will see, but trade wars are proving ineffective.
