China's Subprime Crisis Is Here

Re:China's Subprime Crisis Is Here by mathattack on Wednesday February 17, 2016 @07:57AM (#11117514)

Originally I was going to question your math - I thought your trillion was off by three zeroes. Then I did the math myself and realized that you're right. :-) If you count US mortgage debt that they hold, the number may be even higher.

A couple quick comments:

1 - We'll feel the economic threat of China when they have a crisis. The world was less interconnected in the 90s, yet troubles in Mexico, Thailand and Russia caused global damage.

2 - The GDP growth #s are suspect, and off of a smaller base. Hard to make an apples to apples comparison.

3 - Hard to compare absolute #s of cars or people in school - given that it's a country of a billion people, they should have a lot more cars and people in school. (If anything, it should be 3X)

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Re:China's Subprime Crisis Is Here by vkou on Wednesday February 17, 2016 @10:27AM (#11118425)

> (If anything, it should be 3X)

More then half of china lives in very poor farming villages - and the government intends for them to continue living that way.

The fair comparison you want to be making is the American urban vs Chinese urban population (Which is now close to the total population of America).

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Re:China's Subprime Crisis Is Here by mathattack on Wednesday February 17, 2016 @12:01PM (#11119258)

True. It's very tough to make apples to apples comparisons across countries and cultures.

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