A US trade war with China – tougher than the Japanese edition

"Finally, the PRC is vulnerable in unique ways. Its banking system, with its immense bad-loan burden, is shakier than Japanese banks were."

Another lie intended to encourage Americans to keep up the trade war. Chinese banks are in much better position now than they were in the 80s and 90s. Read Henry Paulson's (former Treasury secretary and CEO of Goldman Sachs) Dealing with China to learn about much of the work that went on in the 90s to fix China's banks.

Grant Newsham is a senior research fellow at the Japan Forum for Strategic Studies in Tokyo with more than 20 years' experience in Japan and elsewhere in Asia as a US diplomat, business executive, and US Marine Corps officer.

/r/Sino Thread Link - atimes.com