laupäev, 21. juuni 2014

YouTube: How China Fooled The World (Documentary)

[Source] Great documentary that gives a glimpse of how bad things in economy might be.




Facts From This Documentary:

[~39min] In 2008 Chinese banking sector was roughly 10 trillion US dollars in size, right now (in 2013) it's in the order of 24-25 trillion US dollars. That incremental increase of  14-15 trillion US dollars is equivalent to the size of the entire US commercial banking sector, which took more than a century to build.
[~41min] Chinese households save almost 1/3 of everything they earn. In the UK people save like 1/20th.

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