Re:China Can’t Sustain Its Debt-Fueled Binge, Moody’s Says
by gunnyguy121 on Thursday May 25, 2017 @08:47AM
(#14416942)
I think China may be more on the brink than people realize. Right now there are about 30 million men in China who can't get married,not wont, can't. There simply aren't enough women in China for the men to find a bride. That's 30 million men who may be left jobless, and without a relationship. That is a recipe for disaster, maybe even a revolution
Re:China Can’t Sustain Its Debt-Fueled Binge, Moody’s Says
by justinhj on Thursday May 25, 2017 @09:04AM
(#14417012)
If your figure is correct that's only 2% of the population.
Re:China Can’t Sustain Its Debt-Fueled Binge, Moody’s Says
by D_Alex on Thursday May 25, 2017 @09:59AM
(#14417323)
Unfortunately, these 30 million are "men of marriageable age" (the imbalance is due to the practice of aborting female foetuses during the "one child" policy). This would mean perhaps 15-20% of young men are doomed to bachelorhood... potentially a volatile situation!
But let's say a majority of voting eligible citizens decided their country needs to dial down debt-fueled growth? Well there's almost nothing they can do, even though popular opinion has changed.
In Greece, even with the fraud that went on voters still had to know bad financial choices were being made. Heck, I live in the U.S. and know when politicians are using financialeering to make the books balance better...