alt Hacker NewsBy racking up debt of epic proportions, with no return on investment in sight.
All the while going into a demographic death spiral. Partly cause by the draconian 1-child policy, which attempted to fix the pronatalist policies of Mao.
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tokioyoyo • today at 11:13 AM
Nothing is really stopping other countries from doing the same, to be honest. People are just scared to give legitimacy to what China has done for their citizens in a very short amount of time, because that would be against their own beliefs and morals.
I'm not saying China is the best and whatever, just saying they've proven every "China is about to fall" headline that has been circulating around for the past 15 years. Maybe we should learn some things from them.
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"debt"? You mean the balancing item from money creation? Question: To which bank does the government owe the liabilities created when it creates the money? (clue: the government owns it).