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Emperor

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Q: where does this money come from?

http://en.people.cn/n3/2017/0713/c90000-9241409.html

 China to pour trillions into Belt and Road projects

19 weeks 1 day ago in  Business & Jobs - China

 
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Given the level of protectionism, it isn't from free trade.

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18 weeks 6 days ago
 
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Governor

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Debt, China is very skilled at hiding its public debt into corporate SOEs and under several layers of local governments.

 

China's full debt to GDP ratio is now over 300%, and that's excluding shadow banking, it's more than any other country in the world except Zimbabwe,

 

It's more than the US even though the US total wealth is around 80 trillions and China's around 20 trillions.

 

They are able to prevent inflation thanks to the foreign currency reserves accumulated over decades, they use these to manipulate the Yuan's exchange rate and keep prices under control.

 

Also China not being a free market, they can command goods and produces to be sold at a certain price regardless of their actual value.

 

The tipping point will be when they run out of dollars to sell and the yuan gets out of control, not sure when, no one knows the exact amount of their reserves, it could be days or decades.

 

As far as OBOR goes, other countries should just take the free infrastructure that China expects to use to extract raw materials from them, nothing obligates those countries to give China anything down the road. No international court has agreed to stamp the agreements that China wants to sign with other countries, so it's like they don't even exist.

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18 weeks 6 days ago
 
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