this post was submitted on 21 Feb 2025
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https://www.asiafinancial.com/40-china-banks-hit-by-debt-slowdown-merged-in-2024-nweek
https://asiatimes.com/2024/12/ruble-volatility-exposes-russias-emerging-economic-crisis/#
Damage is done. Russia is out of money and China is in a real estate crisis.
russia has no more war chest money* (they are required to subsidized industry directly, or make money from said industry which is now significantly upsized and has more capacity (plus the US peace talks meme))
china is in a real estate crisis, so is america, and canada, and australia, and london, and basically every other high density population area in the world. This literally isn't new.
Yeah. Russias economy is smoked. Got any evidence otherwise?
China is having to buy their falling banks. Bubble popping .
they were supposed to have been ruined 3 years ago by sanctions. It didn't happen, and if anything, strengthened their economy because now they have a military manufacturing economy that's modernized and running at capacity, effectively.
The us has done this multiple times, it's worked every fucking time.
Hows that ruble doing?
You just compared the chinese banking sector to the american banking sector. Those are not remotely comparable.