The PRC on the brink of financial collapse? Deja vu. As much as a complete collapse would teach a valuable lesson to the PRC rulers, that’s not likely to happen. Every ten years or so, they are in this exact same position. They survive and then continue to repeat the same mistakes. There is nothing to indicate this time will be any different than last time, or the time before that, etc.
KMK
Tax Guru - Ker$tetter Letter 