Western economists have repeatedly foretold for nearly two decades that a financial crisis would strike at the drop of a hat in China. In particular, as China enters the post-epidemic era of 2023, the debt level of its financial system has been shockingly high. Economic indicators calculated according to Western economics show that China’s financial system should have crashed long ago. However, China hasn’t seen any major outbreak of an obvious financial crisis. So, what’s going on? Can the Chinese Communist Party, or CCP, challenge the traditional theories of economics infinitely? When will its financial doom strike? In this episode, we will explore this topic.
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