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RE: TIME OF ABUNDANCE IS KNOCKING!

in LeoFinance • 3 years ago

I don't really think China is the richest because most of it is tied into their real estate. The value of those buildings were exploding upwards in the past but the Evergrande situation is definitely going to have an effect. Also they have to consider all the companies getting ready to default on USD debt.

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3 years ago in LeoFinance by
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     3 years ago  

    It may not be in the future but for the calendar year 2020 it was. We know too well outsourcing most of manufacturing to China is a problem. The West tends to focus on services driven where capital lives.
    Evergrande will be the culprit and production is the true way to boost GDP.

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     3 years ago  

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