Monday, December 7, 2009
China looking risky
Unsustainable? China’s investment boom
Article looking at a few of the risks(!) for China. Namely, GDP growth is from investment, debt no longer generating sustainable GDP. Have China fallen into a trap of building additional steel works because of additional demand for steel from building steel works? Or, are they expanding production purely for the requirements of expanding production? In which case POP at some point.
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