Mish's Global Economic Trend Analysis Message Board

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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: mishedlo who wrote (83851)	8/27/2008 12:25:11 PM
From: RealMuLan	Read Replies (1) of 116555

That is true. But the process of cleaning-up itself, and provide health care for more Chinese alone, will give a huge boost to GDP growth. I know this is stupid, and some thought earlier that China could avoid walking the same route of the Western industrialization--polluting first and cleaning up second--, they were wrong. China has been taking exactly the same route like the West. And due to the size of China, and the fact that a lot of most polluted industries all over the world all transferred to China, so the pollution is also on a scale never seen before. Yes, I agree China will face slowdown, but my guess is 7--8%. I read a list of top 106 projects China planned for 11th 5-year plan (2007-2012), the total is >$2.88 trillion. That alone will put a cushion for the slowing down in China.

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