As I said before, China's C919 made for sale to its domestic market is huge enough, with thousands of planes needed going forward. What does this mean? It means a lot when China now need not buy planes for domestic routes from Boeing or Airbus. And those countries that bought the C919 for domestic flights need not buy more expensive planes from Boeing and Airbus as well.
Remember that what cannot kill China will make it even more competitive.
Anonymous
25 years of the collapse of China has not come to fruition. This must be the mother of all failed propaganda ever trotted out by the West. I guess, this mantra will be repeated for another 25 years to come. I do not think Gordon Chang will still be around to witness the collapse of China, or the rise of China to be the biggest economy of the world.
ReplyDeleteNever mind that China's GDP growth is now around 4.5% or whatever, but it is still double what the USA has achieved over the years. Real growth supported by real manufacturing and real exports resulting in ever growing surpluses does not lie. On the other hand, growth through money printing is hiding a very unpalatable truth pertaining to more money being used for round-tripping investments in order to give the impression of growth. A Ponzi scheme never ends well.
Countries are wising up realizing that the Ponzi scheme is going to unravel sooner or later. Treasury interest rates are pushed higher and higher, yet few takers are being enticed. The fall of the US$ does not compensate even with the increase in interest rates and the inherent risk of holding such investments. Coupled with the risk of seizures like the Russian assets, lessons are being learnt. Investments in gold and silver rather than treasuries are now more beneficial without the inherent risk. It is better to be safe than be sorry like the Russians and Iranians.
The total notional value of outstanding over-the-counter (OTC) derivatives rose to $846 trillion as of June 2025, according to data from the Bank for International Settlements (BIS). Wait for this balloon to burst. All it needs is for someone to shout wolf, and the whole Wall Street and American banking systems will collapse like a house of cards, and so will the American economy...the biggest Ponzi Scheme that must come to an end.
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