Excellent points Dale.
I didn't want to get into that because the potential results are rather grim.
The Chinese will need to work harder than we did and a whole lot smarter.
If they manage to do it, I don't know who will be able to compete with
them.
Bryan
Clay, Dale wrote:
> Yes China IS "worrisome." I've lived and traveled in Asia.
>
> However, they have some serious issues with demographics. Too many
> young males, too many young people leaving the rural areas for
> unbelievably crowed and polluted cities. They're expecting to "ride the
> wave", if that can't happen at the rate they're expecting ... that won't
> be good for social tensions.
>
> Their banking system is precarious because of so many bad loans for
> developers. Their true economy is not reported. Their infrastructure is
> for the most part abysmal.
>
> When we made our assent we had the advantage of lots of wide open spaces
> rich in natural resources and plentiful/cheap energy.
>
> They aren't so lucky ...
>
> Dale
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