Chapter 482
The global financial crisis, which began with the bankruptcy of Lehman Brothers, plunged the entire world into a recession. The country that emerged as the savior at that time was China.
China boasted an economic growth rate of nearly 10 percent every year, and before long, it had risen to become the world's largest in both economic and trade scale, serving as both the world's factory and the world's consumer market.
What would happen if China were to collapse? Could the entire world withstand the shock?
James said, caressing the amber on the head of his cane.
"The theory of a China crisis has been around for a long time."
I nodded.
"I think it's been more than 20 years."
When the economic growth rate was high, they said it would collapse due to demands for democratization, and when the economic growth rate fell, they said it would collapse due to a lack of jobs.
The story now is similar.