The Mudcat Café TM
Thread #145217   Message #3363826
Posted By: Steve Shaw
15-Jun-12 - 02:17 PM
Thread Name: BS: Wonderful Jubilee celebrations
Subject: RE: BS: Wonderful Jubilee celebrations
Well, we do have elections I suppose.


China is on the road to boom and bust. Their overseas markets, which their boom crucially depends on, are in severe decline, and China is trying to build an economy that relies on them less. The "success" of China's economy, I hate to remind you, is predicated on the large, state-owned companies, but as times get hard this is going to be a millstone, as capitalism always intends it to be. The Chinese are slashing interest rates as demand falls. Where have you heard that before? As I say, ask the question again in a year's time. I'm hoping to be still here.