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5,276 Posts.
145
12/03/14
00:17
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China is in worst debt that the U.S.
China is locked into subsidizing multi billion dollar industries just to keep the economy moving.
About 60% of Chinas industry is government. In real terms you have a government funded asset bubble.
I see Chinas boom a bit like the US banking industry, all speculation with overvalued assets.
The cost of resources is resulting in hyper inflation.
A higher cost of living results in high wages. Companies are now pulling out of China.
My point being, if nickel is going to have any real long term recovery, China will need to stop subsidizing.
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