China in ‘deep crisis’, says Hong Kong private equity chief
[ft.com]
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Feel free to reply to any comment by clicking the "Reply" button.Vietnam is a good indicator & example of a communist country HAVING to go to a capitalist system; why communist central planning & control is inherently a fiasco & failure, and always will be AND why FREE market innovation produces progress & abundance, just no monopolies and fierce friendly competition or collaborations benefiting all.
Venezuela is another fine great example of the failure of communistic hubris, from the 4th richest in the world to one of the poorest.
Weltansicht
Level 8
Apr 28, 2022
1
So is every other country, I think.
eschatologyguy
Level 9
Apr 28, 2022
2
This seems more in response to the newest COVID lockdowns and substantial regulatory changes for its business communities, regulatory changes scaring off investors.
@toronto_Georgia couldn't view the article, just the title. Subscription required. I just went by the title.
@eschatologyguy That's frustrating. Perhaps there is no international free access to the Financial Times. Not sure if it is Hong Kong based or UK based.
You are right about every country. First they blew the heck out of budgets and finance with COVID, now they are doing it "supporting Ukraine". Can't beat good causes for an excuse on the way to bankruptcy. Once bankrupt, IMF will step in and encourage all to issue new digital currency based on their SDRs and oh, my goodness, let's help our poor destroyed citizens with UBI. Game set.
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