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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: elmatador who wrote (127372)	12/30/2016 12:24:45 PM
From: philv	Read Replies (1) \| Respond to of 220062

But isn't the fact that China still has poverty, that little discretionary income and low wages translates to economic strength, and a big advantage for their all important global manufacturing industry? Low wages is one of the contributors to a low cost environment and international competitiveness. I know it is not the only factor in that equation, but it could point to the possibility of improvement there, rather than decline. I understand China still has hundreds of millions living in the country side, in what we call poverty. A big pool of humanity for low cost employment by big Chinese companies. I think that China will experience ups and downs based on the global economy to which it is now tied. Consequently, China can no longer escape TEOTWAWKI any more than any other country.