[ziont]

Why is this link keep getting posted repeatedly?

16 hours ago it was already submitted here : https://news.ycombinator.com/item?id=19140804

Strangely, it was quickly hidden and one of the comments pointed to this explanation of how shadow banking works in China and the potential risk.

https://www.youtube.com/watch?v=auiGFRmD0tg

Essentially, these two large borrowers missing bond payment is a signal of worst to come.

It's not a question of if or when such crash will come but who will go down first and the big question: Can Chinese leadership be able to survive this time around? Deng Xiaopeng's remedy to deteriorating grip on the country was market capitalism, but now that it has proven to be largely a failure with half a billion Chinese living in poverty or barely what is considered Standard living in the west, with no political free will and expression protected, how long can the people bare it?

There are already signs of simmering tensions between the state and people. Much like leading up to the Tianmen Square incident 40 years ago in 1989, we are seeing similar themes - the rise of student activists with little to nothing to lose, a deteriorating economy now on the verge of misnky effect, now with a KGB puppet applying pressure via trade sanctions....

I estimate some major event taking place after the North Korea-America summit, the outcomes of that meeting will determine what chips China will use to get America off it's back.....

yup, you guessed right, another nuclear test this year along with ICBM/SLBM tests, launching skirmishes in NLL zone....

OR

another tianmen square unfortunately...as Chinese leadership realizes America's not about to go easy, it will have no choice but to kill it's own citizens who will riot when they los their jobs and savings.

The domino chips are all set in place, and it's just waiting for that final push.

[benj111]

"now that it has proven to be largely a failure with half a billion Chinese living in poverty"

What?

China has risen to superpower status, and become one of the biggest economies in the world in the space of a generation.

Are they as rich as the US per capita? No, but they're on the right trajectory, and getting there quicker than most other nations did.

Don't forget nearly all these city dwellers are first generation, if they don't remember living in a wood hut, without electricity, running water or toilet, their parents do.

[jostmey]

Many countries have been able to rapidly modernize by copying Europe and the United States. But each country hit a wall after they were out of things to copy, and their economies slowed down. Both Japan and South Korea underwent rapid economic double digit annual growth, which tapered off as their economies matured.

China will probably hit a slowdown sooner than it should and before Japan or South Korea did because of its corrupt, authoritarian government

[ziont]

> superpower status

says who?

> Are they as rich as the US per capita? No, but they're on the right trajectory, and getting there quicker than most other nations did.

Japan thought the same thing up until 1989