And, is anyone else concerned by "China's investment boom resulted in over-capacity across the economy, disguised by phony statistics."
http://www.theaustralian.com.au/business/wealth/fear-of-bears-running-wild-in-china-stocks/story-e6frgac6-1225854672300
It just seems to me that many people/pundits have their head in the sand about China's over capacity. I know it is a population hell bent on attaining a better lifestyle for itself, but at what cost? and how quickly?
And the ramifications for us here if they stop ordering raw materials is two-fold. Slow down in resources, and cooling in the resi housing market (Commercial is already cold) as both o/s investors pull out (a la Japanese from the Gold Coast), and slow down in the economy affecting people's ability to earn...
Just questions in my mind, not incontrovertible facts...
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And, is anyone else concerned by "China's investment boom...
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