Re:Near-Collapse of ZTE May Be China’s Sputnik Moment
by cm2187 on Monday June 11, 2018 @04:00AM
(#17282593)
Another challenge to this list: for long the Chinese high growth rate has been fueled by foreign investments (basically foreign companies outsourcing their production to China). This reduced a lot with the financial crisis (and outsourcing of factories is mostly done, now if anything automation is reversing that movement) and China compensated by a massive increase in debt which fueled a real estate bubble and as you mentioned worrying high level of debt. Now that has to stop at one point, and then what?
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