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Politics : Welcome to Slider's Dugout

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To: Fiscally Conservative who wrote (24507)	9/14/2011 12:01:37 PM
From: calgarylady	3 Recommendations Read Replies (1) of 50289

I am not so sure you aren't fairly accurate. All economists are calling for a severe correction in China but they have a huge population that can't even afford their own cheap goods. As wages rise they get a new group of consumers for their own products plus we also have the emerging economies and India another country who's wages are also rising. Economists think there will be a huge credit crisis in China but China seems to be one of the few places that learns from other's mistakes. They have been raising interest rates to cool inflation but they have a population of savers without credit cards. That can only benefit the majority of the population instead of the catastrophe it causing in countries that live on credit. They are slowly getting out of communism but learned from Russia the disaster it made changing things too quickly. I think China has things more under control in their country than a lot think. I believe they are building cities because they know they will come. THEY may not have a choice.

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