Quote:
Originally Posted by Hawkeye's-911T
I am not so sure I totally agree but on another relatively important tangent, China's supply (or lack thereof) of potable water should be one of their bigger concerns along with sustaining or the managing their economic boom.
Cheers
JB
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China's supply (or lack thereof) of breathable air should be an even bigger concern. Without seeing it first hand it's hard to fathom how bad it is. China is poisoning its environment for generations to come. It's already choking (no pun intended) their economic capacity. Soon their toxic environment is going to be THE limiting factor on their economic capacity.
China really needs to grow at close to 10% just to stay even, because of the mass migration from the countryside to the cities, so anything less than 10% real growth should be considered a recession. No one believes the government numbers, but even so, the economy is still expanding somewhat, so under a traditional definition they're still not in a recession. There will be serious pain when the economy actually contracts in absolute terms.
On the plus side, most economists think the RMB is now fairly valued against the Dollar and isn't being manipulated any more. At least not manipulated any more than the USD is.