Possible.. I believe that China will be having their own economic problems in the not too distant future. I was reading an article about China’s growing internal bad debt where the authors estimate Chinese banks carrying around 911 Billion US in bad loan debt, one third of that Real Estate debt.
It reminds me of Japan in the 80’s when everyone thought they were financial genuises. Time showed what happened to a government subsidized banking system it imploded and is finally starting to come back around.
China in the event this happens, the results will be far uglier than Japan. the government will do everything and anything to remain in power….
