Posted by DLMKA on November 26, 2015 at 02:19:56 from (70.194.71.26):
In Reply to: Cause and effect posted by Geo-TH,In on November 25, 2015 at 14:59:27:
Quoting Removed, click Modern View to see
The Chinese economy is NOT falling. It's rate of growth dropped from 9-14% of the last decade to a much more modest 3-4% (which is what US politicians would love to be able to claim). Still growth in GDP in China, just not as much, as fast. As a result they need fewer resources (steel being one) to meet the demands of production and infrastructure growth. If anyone thought that China was going to continue to grow at double digit rates forever they are a fool. Need to find the next semi-stable (politically) undeveloped nation and exploit the cheap labor and spur economic growth for the big bankers to bet on.
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