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Articles like this one show that there are opposing views on everything.
Dec 09 11:21 am
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All Comments by oneoldude »It's 1974 for the U.S., but 1929 for China [View article]
For those with actual experience and knowledge about the "real deal" in China, please enlighten us about your point of view regarding what is "really going on." And please give us all some data to support your opinions of error in the original article.
From my point of view, China is facing a recessionary/depressio... environment. But with a still positive GDP. That is sort of an oxymoronic statement, but the Chinese Gov needs GDP growth probably over 6.5%, or so, to keep the society stable. The real question is how long it will take for a recovery in GDP (faster GDP growth) and how fast the commensurate broad corporate profits increases, that should coincide with faster GDP growth, will take.
Inquiring minds want to know.