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Irish_Dem

(80,594 posts)

3. Exactly. The West was smarter and knew better than to make such risky moves.

Reply to TexasTowelie (Reply #2)

Fri Apr 14, 2023, 08:09 PM

Apr 2023

Yes Xi will have to eat some of the bad debt, but he may go ahead with some of the projects.
The point is that he is in big financial trouble now.

Xi is not interested in the Chinese people except to the point he needs to keep them somewhat
satisfied so as not to rebel. You don't want to get on the bad side of 1.4 billion people.

Yes both Xi and Putin have a steadfast goal of becoming the sole global superpowers and to grind the west
into dust. That is all they care about. But like all fascist leaders they dreams are untempered with reality.
They are surrounded by yes men and get tunnel vision.

Just like the GOP in the US.

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China Debt Crisis as Belt & Road Initiative Loans Default & China Faces Economic Collapse - Joe Blogs [View all] TexasTowelie Apr 2023 OP

Wow China has really screwed up. Irish_Dem Apr 2023 #1

There is a reason why Western countries did not get involved with making large infrastructure TexasTowelie Apr 2023 #2

Exactly. The West was smarter and knew better than to make such risky moves. Irish_Dem Apr 2023 #3