<<So what is the truth about over-capacity in China?>>
awesome bloodbath coming, but even so, does not mean prices will drop much more, because cost is cost
so, the capacity will either be consolidated by the outsiders or insiders, by roll-up or shutdown
winner takes almost all
storm coming, and soon, certainly with 24 months, likely in 12, possible in 8, or even tomorrow
what folks forget is that china over capacity, given the size, is actually global over capacity, and if so, not clear that all shutdowns will be in china, because china is the location of lowest cost
so, storm coming, somewhere, and could be everywhere
the idea that the pain will be confined to china and chinese banks is ... naive ... something that george friedman is good at, and possibly wrong, fatally for some outfits |
