![](https://i.imgur.com/CLvY2jA.png")
22-05-2023, 01:21 PM
All this money is owed in RMB.
This is the same as Euro crisis where they owe in Euros.
As long as you can print to pay there is no problem.
The trick is to print slowly so you don't cause inflation.
China has currency controls ...the reason for currency controls is because much of its growth is debt driven whether debt is used for property or municipalities to spend on infrastructure.
Just like Eurozone crisis where global investors cry father and cry mother over the bankruptcy of Eurozone countries ....nothing will happen because the debt is in a currency that China can print...just like Eurozone cab print Euros.
This is the same as Euro crisis where they owe in Euros.
As long as you can print to pay there is no problem.
The trick is to print slowly so you don't cause inflation.
China has currency controls ...the reason for currency controls is because much of its growth is debt driven whether debt is used for property or municipalities to spend on infrastructure.
Just like Eurozone crisis where global investors cry father and cry mother over the bankruptcy of Eurozone countries ....nothing will happen because the debt is in a currency that China can print...just like Eurozone cab print Euros.
I, being poor, have only my dreams; I have spread my dreams under your feet; Tread softly because you tread on my dreams.
