China Stocks Plummet To Record Lows As Capital Flees; US-China Crisis In South China Sea - China Update

[TexasTowelie]

00:00 Introduction
00:12 US-China Relations: Wang Yi Visit & South China Sea
06:32 Chinese Economy: Stock Market Slide

[marble falls]

1. The Chinese buying US debt (Treasury Notes) is one thing that keeps our economy going: the US has ...

... turned it's reputation for always paying debts into a salable commodity. What happens when China quits buying US debt?

[Aussie105]

2. The global economy tanks into a Dark Place.

What else?

The Chinese Industrial Complex has been in overdrive for some time, funded by venture capital and government investments.

Expecting a major hangover on a global scale when it winds down.

Actually, if you have shares and look at your 401, you may see hints of it starting to happen now.

ASX200 (Australian share market, top 200 companies) has been on a downward slide for weeks now.
Feel free to check the American stock market performance.

[marble falls]

3. It's almost too scary to think about.

[Farmer-Rick]

4. Well if capital flees, then they will have to go back to

Some kind of totalitarian
socialism. It's what got China to the point where capitalist wanted to buy into the socialist country. A kind of socialism is still the major framework of China. China still has billions in taxes they collect every year.