If my evaluation is not a true one. Why did China crash with the world economy? China certainly had cash reserves of 2 trillion usd so it was not short of cash. You cant say China had a credit crunch.
China suffered from over capacity because its totally dependent on world demand. The GDP just backs this up and my figures are worst than indicated because at least 40% of GDP is industry profits.
On the food example, sure China has manny resteraunts in the tourist areas but go to the real world. Families live in a one room in industrial areas. The employer takes at least half the wage for food and rent.
I have interviewed dozens of chinese. Are they lying to me? I have spoken to investment bankers that mind trillions of dollars, are they lying also. The banking is informed and know most of the major events well before you and I.
The banking sector even know about wars before they occur. Even politicians want to protect their money, so the way they move their wealth indicates future events.
I did ask an investment banker, why is Chinas growth so high, the answer was a small change had made a major impact. Yes China is better than 10yrs ago, but the wealth is not distributed evenly. The concentrations of wealth you see is misleading.
China is like a small high grade gold mine, it has some large nuggets but its all show and now substance.
