"China and its economy is in deep shit. It has crashed. Its lack of demand for products, and its need to keep its currency devalued is killing it. It's in a deep, deep slide. It also has 1.4 billion mouths to feed, being communist. It is looking around desperately for new territories with new resources. It could wind up in a war with Japan which couldn't be ignored by the West.
Let's not forget that unlike the West and Japan and S. Korea, China's government owns the means of production. So the losses in industry are the government's losses. The government was running smoothly on industry's profits.
It has crashed. Overall its industry is running at a loss and that's where it got its money. Its manufacturing output and its GDP are dropping like a rock.
It too will need a bogeyman to justify itself to its people, who are now crowding into unemployment lines.
The Chinese curse, "May you live in interesting times" is upon them. It may be upon us."
http://www.thaivisa.com/forum/topic/624376-north-korea-voids-non-aggression-pacts-with-south/
Let's not forget that unlike the West and Japan and S. Korea, China's government owns the means of production. So the losses in industry are the government's losses. The government was running smoothly on industry's profits.
It has crashed. Overall its industry is running at a loss and that's where it got its money. Its manufacturing output and its GDP are dropping like a rock.
It too will need a bogeyman to justify itself to its people, who are now crowding into unemployment lines.
The Chinese curse, "May you live in interesting times" is upon them. It may be upon us."
http://www.thaivisa.com/forum/topic/624376-north-korea-voids-non-aggression-pacts-with-south/