“China is close to debt collapse.Property markets are imploding. Growth is grinding to a halt”. This tired black propaganda does not fool anyone but upper middle class liberals who read the New York Times. Michael Roberts challenges every piece of bourgeois economic propaganda. He says the Chinese state is more than capable of handling any financial debt crisis. He also says that a great deal of the reason for the meeting of Xi with Biden is to reassure US capitalist that China is a safe country in which to invest.
Read Michael Roberts in The Next Recession