While James Reed is hoping that China may continue on the best of the West, I for one, have my doubts, and I pretty much have doubts about everything. For one thing, at long last, China is running head-first into a great wall of debt:
https://www.abc.net.au/news/2019-01-20/chinas-looming-great-wall-of-debt/10713614
“China's debt has been a key factor to its economic success in riding out the GFC, due to a large government stimulus injected into its economy. However, the financial boost has mostly led to China having one of the highest corporate debts in the world, only second to the Special Administrative Region of Hong Kong. The past year has been a tumultuous one for the Chinese market: it was hit by an economic downturn, and for the first time in two years, exports unexpectedly plunged to its lowest point, all of this against the backdrop of an ongoing trade dispute and punishing tariffs by the US. Beijing made moves to solve its issues by slashing central bank reserves earlier this month — the fifth time within a year — freeing up $US116 billion ($161.3 billion) to stimulate more economic growth. But forecasted figures by a number of global financial institutions are not looking too positive for the global superpower, and adding to the debt fears is an opaqueness and inability for analysts to completely obtain information and understand the full extent or impact of the potential looming problem.”
