i dont think it is the size of the quarry we need to worry about...

i dont think it is the size of the quarry we need to worry about at the moment, it's more the appetite of the customer.

The consumption in the last 10 years has been quite astronomical. The fact (1) there is a city (Ordos) built for 1 million + people that currently has no one in it (2) They are in the process of building 30 billion square feet of office space across China, that's an astounding 6 foot by 6 foot space for every person in China.

This is all for an ageing country who are forecast to have 25% less people eligible for the work force come 2050.

I know people dont like to hear this, but step away from your self interest and answer the question do you seriously think this is sustainable? How much building for the sake of building can you do? Considering the above the Chinese banks must have some unbelievably scary exposures. 50%+ GDP comes from fixed investment, the highest in the worlds history elsewhere was Japan in the 80"s at approx 30%. Has there ever been a more unbalanced economy.

People say have a look at their foreign exchange reserves, how can anything possibly go wrong. Well do you know in history the only other 2 examples of countries with foreign exchange reserves vs GDP anywhere near the levels of China at the moment (1) US in the 1920's (2) Japan in the 1980's. I am sure you all know how this ended.

Not trying to scare monger, just trying to provide some balance to the extraordinary complacency in Australia.