In 2008 China had huge amounts of money saved for a rainy day. It started raining and they started spending the money and helped save the world.
But now even China has debt. China has a lot of debt so in the next time around you gonna see Chinese companies with debt to deal with. The good news is Beijing has said they are going to let them go bankrupt. I hope they mean it. In America we don't let people go bankrupt but in China they say they are going to let people go bankrupt. I hope so. It will be a shock to a lot of people including me and I just told you it's going to happen. You are going to see bankruptcies in China because they have a lot of debt now.
