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China's decline
The competitiveness of Chinas manufacturing industries has suffered serious erosion over the past year, according to one of the worlds largest trade sourcing companies.Hong Kong-based Li & Fung group, which manages a $7.1bn a year trading business, said price rises crept back into the Sino-US and EU supply chains last year, after at least six years of often severe deflation. Looks like the end of their explosive growth if they can't transition their economy. If manufacturing growth slows significantly China is gonna go through a major depression due to overbuilding and bad loans. We could see a revolution soon. Posted by: Damn_Proud_American 2006-03-23 |
| http://www.rantburg.com/poparticle.php?ID=146303 |