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Originally posted by plumranch
reply to post by desert
Besides, the US Navy heavily patrols around Tiawan to prevent any Chinese aggression. Right now China's navy is far too small to pose much of a threat to Tiawan. Navy's take a long time to build so that eventuality is a long way off.
The result of this good old boy, political allotment of loan system is that many loans are non productive and essentially defunct in real terms. A business may have a lot of money coming in but the money doesn't pay the bills. The Chinese try to hide it but the figure is 20 to 25% of GDP!
I think the large Chinese balance of payments is what is keeping China in positive territory for now. A lot of money in, little margin for error and a small downturn is what will bring them down.
Then several things can happen.
However China has been spending on and building up their military. Nobody should be fooled by nay Sayers who spout that China has no interests outside their borders. It's only a matter of time of "if and when" their interests abroad are threatened or in jeopardy.
NAVY Total Navy Ships: 760 Merchant Marine Strength: 1,822  Major Ports and Harbors: 8 Aircraft Carriers: 1  Destroyers: 21  Submarines: 68  Frigates: 42  Patrol & Coastal Craft: 368  Mine Warfare Craft: 39  Amphibious Craft: 121