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Originally posted by 30_seconds
It SOUNDS like China could buy all this stuff, but as soon as they started making the purchases, liquidity would flood the market in the regions where the purchases were made, thus devaluing their purchasing mechanism.
In short, they wouldn't be able to get nearly as much as they think they would. Prices would begin to skyrocket as they started making purchases.
Originally posted by backinblack
reply to post by Vitchilo
I know the chinese have gone on a spending spree here in Australia..
They are buying up plenty of farmland and infrastructure such as processing plants and shipping..
Soon we will grow nothing for us,it will all be exported..
Oh, and they bring in chinese workers so Australia gets little benefit..
I see it in my community they are buying up all the real-estate... almost all new home buyers are Chinese and they pay cash... zero-financing. I can't believe we sold our country to China.