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China is sitting on a bomb that's about to explode. And it's so massive, it could leave a black hole in its wake. China's local governments have accumulated massive amounts of debt. And there doesn't seem to be an easy solution to getting them out.
The US and Western countries spent beyond their means, as well.
All to buy votes
China dares not invade the US, else all their investment in treasury bills will be worthless.
China spends like Canadian Liberals, with deficit spending.