mrswdk wrote:This thread, like many of my other threads, had nothing to do with China until the trollbots threw China into the discussion for some smoke and mirrors. ^0^
From your first post.
mrswdk wrote:Meanwhile, China continues to grow at around 7% per year, is stable, and will soon have ownership of the house you live in and the roads you drive on.
Which is nothing but a roll on the floor funny moment. China is smoke and mirrors. Besides why would China ever want MY HOUSE, when it has whole cities it built (in order to generate the illusion of a robust economy) that remain completely unoccupied. Yes, Brexit will not impact China significantly.

But the structural problems within China are clear and obvious to the casual observer. The first to fall will be the Yuan Renminbi, which can no longer artificially control as it once could.
China shows commitment to renminbi stability with currency fix (Please click on link. FT does not allow Cut and Paste of articles (dipshit Brit news media)). The Wall Street Journal's article,
‘Brexit’ and China: Currency Calculus Just Got More Complicated I can quote, so I will.
On first blush, Chinese markets have gotten through the U.K.’s vote to leave the European Union relatively unscathed. But “Brexit” will eventually put Beijing to the test.
But more likely, whatever the cause of the dollar strength, a weakening yuan makes it harder for China to stem capital flight. Between January and May, at least $175 billion flowed out, according to Goldman Sachs. This is probably understated because Beijing has let Chinese banks absorb some of the outflows by raising limits on short currency positions, among other capital controls.
Brexit hasn’t sparked panic in China, but that doesn’t mean it won’t have an impact.