The Instigator
GudjonN
Pro (for)
Tied
0 Points
The Contender
rajbirsingh
Con (against)
Tied
0 Points

China economic downfall.

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Voting Style: Open Point System: 7 Point
Started: 2/9/2014 Category: Economics
Updated: 3 years ago Status: Post Voting Period
Viewed: 833 times Debate No: 45492
Debate Rounds (5)
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GudjonN

Pro

I will be for arguing that in the next years, China will subdue to an economic crash.

Usual rules. Emphasis on posting of sources.
rajbirsingh

Con

i accept your challenge
Debate Round No. 1
GudjonN

Pro

Evidence supporting claim:

1. Ghost Towns

China has been creating vast centers, malls, apartment blocks, to develop jobs. However, when the job is done, the site is abandoned. China's ghost towns and uninhabited, their residential, and real estate debt is outstanding.

2. Consumer Debt

Construction sites in China are a big misunderstanding of a bright economy in China. However nice making jobs is, they have to be sustainable, and be there in order for another job to be created. China recognized for it's massive manufacturing capabilities, this is also a misconception. For example: Apple creates the materials for their products in America, but are then exported to China, and then sent back to America to be sold there. The misunderstanding that China is a giant of manufacturing is just ridiculous. It is actually cheaper for America to send it's products to be made in China than to be made internally in the country. Also, to point out China's unethical treatment towards employees, but that's another discussion. China's growth is slowing down, as supplies for products escalate, and demand does down.

China's overall debt that is released, is 1.7T, but that is not including consumer debt, and others.

"Including financial obligations on the national level, the audit office report found that China"s total government debt stood at 30.27 trillion renminbi at the end of June, up from 27.77 trillion renminbi in December 2012. "

1 renminbi = 0.16 U.S Dollar

I await a reply.

http://www.zerohedge.com...
http://www.economicshelp.org...
http://www.nytimes.com...;

China's debt has risen 12% since December 2012, approximately 2.95 trillion.
rajbirsingh

Con

rajbirsingh forfeited this round.
Debate Round No. 2
GudjonN

Pro

Vote Pro... My opponent has been in-active.
rajbirsingh

Con

rajbirsingh forfeited this round.
Debate Round No. 3
GudjonN

Pro

GudjonN forfeited this round.
rajbirsingh

Con

rajbirsingh forfeited this round.
Debate Round No. 4
GudjonN

Pro

GudjonN forfeited this round.
rajbirsingh

Con

rajbirsingh forfeited this round.
Debate Round No. 5
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