Chinese authorities are allowing more companies to renege on their debts, where once they would have found ways to engineer bailouts.
So far defaults have mostly been concentrated in credit-starved private companies, but even some groups with state backing are now failing to repay creditors as promised.
So stealing technology, dictating the pursuits of citizens, throwing people into prisons for political reasons, doesn't work? Innovate and support liberty, or suffer. Americas secret to a strong, diverse, innovative economy lies in their civil liberties.
Thank you sanctions. Years and years of stealing intellectual property and saving trillions on having to do their own R&D. I’d have to begrudging score President Trump a point. Keep it up!!!
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