ST Alpha - "A global economist I trust recently stated that China will own Russia forever because its economy has collapsed so much. " (Reading a Post)

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In response to "Russia isn't (currently) losing or going bankrupt. oil is paying for almost all of the war, and Putin's happy to throw troops at Ukraine forever. -- nm" by mafic

A global economist I trust recently stated that China will own Russia forever because its economy has collapsed so much.

Posted by David (aka David) Dec 12 '23, 17:13

And China's economy isn't in great shape, either.

Responses:

I bet China has got mineral rights locked up and are getting ready to drill -- nm - Remlik Dec 12, 17:49 2
- I mean not entirely how it works. Russia is pretty strict on royalties and foreign control of mineral assets. - mafic Dec 12, 18:04 1
  - ah. thank you. -- nm - Remlik Dec 12, 18:08
Russia's economy is churning along just fine for the moment. a bit overheated inflation-wise, but weirdly scaling up military production does a - mafic Dec 12, 17:38 2
- Soaring inflation, impending recession after they just got out of a recession, and all the positive news comes from Russia's economic folks. - David Dec 12, 17:48 1
  - most of Russia's Chinese debt is energy-related, which is pretty easily serviceable for them. Russia isn't in crisis yet. -- nm - mafic Dec 12, 17:56
Oh. So it's a double secret proxy war against china. -- nm - Beryllium Dec 12, 17:23 1
- You're joking, but America and Canada are in an economic cold war with China. -- nm - David Dec 12, 17:27

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