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originally posted by: grandmakdw
But how long can they keep it up?
The ghost cities which keep construction workers and the construction industry afloat and other prop up measures
are bound to exhaust China's resources eventually.
The stock market crash in China which many compared to the 1929 US crash is a result of all this government subsidizing.
Eventually this type of economic policy will bankrupt the entire country.
To the point where the government can no longer subsidize all the factories who are losing massive amounts of money due to excessively low prices charged for their goods.
originally posted by: grandmakdw
Both countries are in awful shape, but China can not keep it up indefinitely as the recent crash has demonstrated.
The article I quoted thinks China could still step in with a quick fix for the economy, I have my serious doubts.
When it does crash, I think the US and other countries will pick up manufacturing many items but at a higher cost.
originally posted by: AutumnWitch657
a reply to: infolurker
Was there a disaster someplace? Why on earth would anyone eat canned chicken or worse armour treet, which it ain't? A treat that is.