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China's a big country, but it must be getting tough to walk around. The place sounds like its...

China's a big country, but it must be getting tough to walk around. The place sounds like its awash in piles, no, make that mountains of excess goods - iron ore, steel, cotton, cars, toys - you name it. In the face of this, factories continue to crank out product and new ones continue to get built. The government? Anxious to prop up confidence, it's fudging the numbers to make things seem better.
Comments (6)
  • RK
    , contributor
    Comments (400) | Send Message
     
    Paging Tom Friedman, Tom?
    24 Aug 2012, 09:20 AM Reply Like
  • Pwdrskir
    , contributor
    Comments (135) | Send Message
     
    Tom is too busy being smug and arguing that SS is not bankrupt...
    http://bit.ly/PH7cdE
    24 Aug 2012, 02:11 PM Reply Like
  • Ray Lopez
    , contributor
    Comments (1582) | Send Message
     
    Lack of demand--remember the "Decoupling Theory"? All those consumers in Third World countries are supposed to be picking up the slack now. Don't they want to buy the same junk we Americans do? Of course they do, but old frugal habits die hard it seems.
    24 Aug 2012, 12:41 PM Reply Like
  • Whitehawk
    , contributor
    Comments (3129) | Send Message
     
    The hazards of stockpiling.
    24 Aug 2012, 01:23 PM Reply Like
  • Gary Jakacky
    , contributor
    Comments (2727) | Send Message
     
    Don't panic folks...the biggest socialist rathole in human history, the Soviet Union, collapsed in the late 1980s and throughout the 1990s, and world financial markets didn't even blink.

     

    Japan Inc...oops....
    China Inc....oops....

     

    whats next..INDIA INC??? hahahhahahaha.
    24 Aug 2012, 01:53 PM Reply Like
  • Pwdrskir
    , contributor
    Comments (135) | Send Message
     
    Ah, the joys of Central Planning. When will the silly Communists see that it will NEVER work, human nature is far too unpredictable.

     

    Who needs that Capitalism thing or Private Equity for that matter. Who you ask, why President Obama does...
    http://on.wsj.com/OeSRar
    24 Aug 2012, 02:17 PM Reply Like
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