upbeat presentation from jones, page-34

Stigmata,
So China are going to expend their cash reserves to build new cities with materials bought at peak prices as the world goes into recession and the US maybe into a depression. Hmmm, all this for people who won't have jobs as the demand for Chinese products keeps dropping!

Then they say to the rest of the world- well we've spent what we had, now we're broke too but look at what we've built and you guys better start buying our products and borrowing what cash we have left.

Yep makes sense!

China will become a super power regardless of whether it is in 5 years or 7, 10 or 12. The difference is the extra time will allow them to do it for far less cost and risk than by creating a massive demand for raw materials at a time when they could really put the screws on the rest of the world by reducing demand and worsening the crisis unfolding.

Chinese culture values patience, you might have overlooked that.