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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: Elroy Jetson who wrote (108851)	6/23/2010 2:43:37 PM
From: skinowski	Read Replies (2) \| Respond to of 110194

China cannot become their own best consumer until they increase their worker's incomes. If they're not prepared to do this now, they will face rough times Been wondering about this. These days salaries in China are negotiated directly between employers and employees. There are still hundreds of millions of Chinese who would like to leave the poverty of the countryside and join the workforce in the industrialized areas. This availability of new workers apparently applies pressure on salaries. In turn, of course, China continues to export those deflationary pressures to other parts of the world. Perhaps, at some point they may still develop enough internal demand they would need to keep going.