Download or read book The China Sinkhole (Book 1) written by Axel Rey and published by Global Era Public Interest Info Network. This book was released on 2019-09-15 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: Is your financial future undermined by misleading information from Wall Street and some mainstream media? Quite likely, a substantial portion of your stocks, mutual funds or 401-K are with investments linked to China’s economy one way or the other. ================================================== What you don’t get informed by all the cookie-cutter stylized reporting about China, from a majority of mainstream US media, are undermining your financial well-being. ================================================== China is now the new champion in growth - in debts, not GDP. The pace of debt increase now in China is double to that of the average pace world-wide. Will the China debt sinkhole transduces into your money's sinkhole? This book helps to answer the above question by illustrating how China's ever-intensifying debt-driven growth model for the last decade has the entire world fooled. It makes available to the English-speaking world unreported prognosis from China's top-echelon high-finance sphere insiders, depicting that with the China model, the creation of one trillion GDP requires the incurring of 6 trillion debt. This book provides insights built on information revealed by a range of top-echelon insiders in China, much of these were made available to the English-speaking world for the first time. For the consecutive two years of 2017-18, total interest costs in servicing China's gargantuan debt loads had much more than wiped out the entire gains from GDP growth. If we apply the accrual principle in management accounting to China's GDP measurement, then China's GDP growth rates for both of the two years of 2017 and 2018 need to be construed as negative. Rating agency S&P assessed in September 2019 that, should the US-China trade war go on escalating, China's GDP growth rate could in a worst scenario decrease to 3.7% (from the current 6.1%) in the next 10 years. This book features numerous crucial facts previously unreported in the English-speaking world, among others: China now carries a foreign debt of about US$ 2 Trillion. The no-frill value is only a fraction of the apparent book value of US$ 3 trillion that Beijing wants to show you.