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

To: Elroy Jetson who wrote (128114)	1/11/2017 3:14:07 AM
From: John Pitera	Read Replies (2) \| Respond to of 218126

Hi Elroy, But they underlying problem remains. These companies, many of them steel smelting and fabrication firms continue to lose money because *China greatly over-invested in this industry to employ the region around Beijing.* Every plate or I-beam of steel they sell around the world is sold at a loss being subsidized by China's banks. The only solution is closing a large number of these steel makers. It's amazing to realize that steel plant closures in China will reduce demand for Australian coal, but not Chinese coal. Why? Because it was far less expensive to purchase coal from highly automated mines in Australia than it was to begin investing the needed hundreds of Billions of Dollars needed to modernize Chinese coal mines where miners still use pick axes deep underground. Even President Xi's predecessors realized they couldn't continue to absorb this surplus steel building empty "new cities". This situation is astounding, but that's what it really is. a $10 trillion bail out is a thought to behold!!! John

To: Elroy Jetson who wrote (128114)	1/11/2017 11:21:24 PM
From: elmatador	1 Recommendation Recommended By ggersh Respond to of 218126

Blame the foreigners and raise a wave of nationalism. Once the Chinese Miracle debacle would be on the mouths of taxi drivers and reflexologists the blame should be deflected Past experience suggests China could have some surprises of its own in store. “I think China is likely to try something with Trump once he gets into office,” Imperial College’s Allen says. “Just give you some example, they may lock on Japanese fighters in the [disputed] Senkaku islands, or they may send naval ships to the islands. They could harass some U.S. planes flying over the South China Sea. It is very difficult to know how Trump will react to that; he does not know much about it, and he does not have a very good Asia team. If he reacts wrongly, it could be a big problem.” http://knowledge.wharton.upenn.edu/article/china-2017-stability-not-growth-goal/ The Beijing clique will implement draconian measures. As you know the nation state has always to deflect the blame from the small clique in charge. The culprits would be th ones who came to China and exploited the hard working. honest and parsimonious. After China helped so many countries, the ungrateful, are now trying to derail China. All Chinese have to join together and prove to the world that they can thrive. and the masses will react, well, like all masses.