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Thread: China’s economy is on the verge of collapse?
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[quote=ZABOLSH,450610]No I dont believe that China' economy is on the verge of collapse. Not at least in the Greek or Italian style scenario. China has the world's largest gold reserves and with this is tending to prop up the US economy. It also has almost the largest number of dollar billionires, with the number going up all the time. However this doesnt mean that to some extent, that China is going aong without problems. Its workforce is unsettled and struggling for a better life. An interesting book I read recenty was from a Russian viewpoint obtainable via Lulu self publishing entitled Modern China by A.A. Mayevsky in English language. It gives an interesting assessment of the general state of the Chinese economy.[/quote]
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