Oct 272013
 

China is brittle and very breakable

canada goose store Off and on over recent years I canada goose outlet michigan have canada goose outlet real suggested that China is made of BS! No, no, I not talking crockery here, I mean the Peoples Republic of China now under the smiley leadership (ie: dictatorship) of President Xi Jinping. canada goose store

canada goose clearance sale I am absolutely no economic expert waddya mean, ya noo already! but several years ago I was struck by the photos of all those cities in China, enormous canada goose outlet online constructions designed for hundreds of thousands, if not millions, canada goose outlet montreal of people and canada goose outlet belgium yet nobody actually lived there! They were all speculative builds financed by borrowed money and which had failed dismally. Therese canada goose factory outlet vancouver Shaheen, an exceedingly successful canada goose jacket outlet store business woman with China connections, points out at The National Review, the entire Chinese economy is in a similar state of make believe and pretence. The actual economy is divided between that which is financed properly by relatively straight Banks and the huge, and growing sector canada goose outlet canada which is supported by the unofficial, shadow banking/money lending sector. canada goose outlet 80 off Not that the two are totally separated canada goose premium outlet because the Banks, always eager to seize a share of what appears to be a profitable deal, are quietly supporting these activities. As we all know now in https://www.expeditionparkaoutlets.ca the West, there will be canada goose outlet toronto financial tears before bedtime! President knows the danger and has begun to put pressure on the Banks canada goose outlet london uk but he also knows the dangers of setting off a premature collapse. canada goose clearance sale

Canada Goose Parka Then there are all those damned zillions and zillions of them who are, alas, the wrong age and the wrong sex! The infamous child policy has now led to an enormous shortage of youngsters able or willing to support a monstrously large population of the elderly, plus, an extreme shortage of female youngsters willing and able canada goose outlet uk fake to reproduce. Canada Goose Parka

canada goose So China faces a decline in canada goose outlet store montreal the ratio of workers to retirees, from 5 1 to 2 1, in the next 15 years. This results in canada goose outlet online store what is being called a 4 2 1 social structure, with one worker supporting two parents and four grandparents, given that the social safety net is inadequate. canada goose

canada goose black friday sale Whilst we never stop hearing of all those tech trained Chinese youngsters, what we do not hear about is the frightening growth in rural poverty. canada goose black friday sale

Canada Goose online The World Bank estimates that more than 70 million Chinese live on a dollar a day. Lack of jobs and opportunity has created an outmigration to the cities. Among the many challenges this presents is the left behind generation of at least 60 canada goose outlet in canada million children, who must fend for themselves in canada goose outlet seattle remote rural villages. These canada goose outlet online uk children face profound health, educational, and emotional challenges, with a concomitant impact expected on China’s economic growth. Canada Goose online

Canada Goose Outlet Of course, in a canada goose outlet kokemuksia normal economy the government would seek to borrow the funds needed to see it over the hump but that leads to China next, eye watering problem: Canada Goose Outlet

canada goose deals Start with what some call China’s looming “debt bomb.” China’s debt as a percentage of GDP has nearly doubled in ten years. The central government, local governments, companies, and households are dangerously over leveraged. There is no obvious way to canada goose jacket outlet uk stop it. Xi’s impressive economic team has begun to tighten the availability of credit through the banking system. But, by design, the shadow sector is taking up the slack, to ensure there is no liquidity/credit trap of the sort that threatened to seize Western economies in 2008. canada goose deals

canadian goose jacket In other words, and I apologise for the crudity, President is fucked if he does and fucked if he doesn canada goose discount uk As I have remarked before, Canada Goose Outlet if the burgeoning Chinese middle class, at last enjoying the wealth their parents could never have dreamed of, suddenly find it melting before their eyes then the smile may be wiped from the face President Xi, in fact, his entire head might disappear canadian goose jacket.

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