China is 25% of our GDP, that is not a bad thing, Growth in China is around 9% that's a good thing, expected growth for the next decade is around 10%, also not a bad thing, the issue in China is shadow banking which accounts for around 55% of financial transactions in China, but China is de-regulating it's banking system which will bring the shadow bankers under the regulation umbrella, exactly the same thing occurred here in Australia in the 70's, it's all good, they had to slow growth in order to control the expansion of China's economy, China still needs our resources, they won't stop buying, of course a clever country would try and develop markets elsewhere so we would not be not so reliant on China, is our government doing that, NO, the issue is not China, it's our own ability to diversify our markets that is the issue, tightening the belt to pay off current debt is the negative way of paying that debt, we need to develop businesses that bring capitol in from other markets, Businesses that employ more people, we need to educate our politicians to operate in a 100 year plan, not a 3 year plan, we need politicians with a vision for the future, at the moment we do not have that.
