Information surfaced late September of news China’s latest advanced nuclear submarine . . . sank… at the dock… at the Wuhan shipyard no less…likely in May or June, and now China is trying to cover it all up like it was a virus at a Wuhan lab.
Is China also covering up its sinking economy?
Chinese economic growth has been slowing for several year even with the Chinese government has doing its own form of quantitative easing. They are bailing out their banking and real estate sectors.
China’s opaque economy and its “state capitalist” model, was bound to run into trouble at some point.
I wonder if the China Communist rulers don’t mind this.
The Financial Times chart below suggests Chinese entrepreneurialism is nearly dead.
How is the USA doing in comparison?
Do you think capitalism vs communism has any play in this?
For your consideration: Government, whether communist, or socialist, or crony capitalist is not a good business generator.
Tell me where I’m wrong… I’m listening…
Hat tip to www.powerline.blog for the initial info on Chinese biz formation and the china sub sinking… Had you heard this?