Just so we are all clear, USA is calling this a problem and demanding China fix this. USA is upset that the Chinese have a better life than Americans and are demanding China create a debt trap society like USA. That’s what all the national security and tariffs are about. The Chinese are saving too much and living too well.
Next time you read an article where Bessent is saying China needs to be a more consumer economy, this is what he’s talking about.
Also, more importantly, when USA runs around talking about the BRI as a debt trap, they’re just jealous that China is able to improve communities in other nations without saddling them with debt like the IMF. Since this makes those countries borrow less from the IMF this is unacceptable. Thus China is both saving too much and borrowing too much.
They should be taking in predatory imf loans in exchange for handing over control of their industries to MBA finance bros from the West! China is just too good of an example of the sort of quality of life and prosperity the third world can expect when not being colonized by imperialists. I’m keeping my eyes on Burkina Faso. I won’t be surprised when we see similar charts with them compared to the US in a decade or two. Maybe less!
Just so we are all clear, USA is calling this a problem and demanding China fix this. USA is upset that the Chinese have a better life than Americans and are demanding China create a debt trap society like USA. That’s what all the national security and tariffs are about. The Chinese are saving too much and living too well.
Next time you read an article where Bessent is saying China needs to be a more consumer economy, this is what he’s talking about.
Also, more importantly, when USA runs around talking about the BRI as a debt trap, they’re just jealous that China is able to improve communities in other nations without saddling them with debt like the IMF. Since this makes those countries borrow less from the IMF this is unacceptable. Thus China is both saving too much and borrowing too much.
They should be taking in predatory imf loans in exchange for handing over control of their industries to MBA finance bros from the West! China is just too good of an example of the sort of quality of life and prosperity the third world can expect when not being colonized by imperialists. I’m keeping my eyes on Burkina Faso. I won’t be surprised when we see similar charts with them compared to the US in a decade or two. Maybe less!
Good news then. That’s exactly what China is doing. And doing it completely in the yuan as well.
Here’s an article about China and Pakistan doing literally that.
https://english.mathrubhumi.com/news/world/pakistan-secures-37-bn-rmb-loans-from-china-amid-imf-pressure-avoids-us-currency-xd0ivqi3