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Old 29-07-2013, 12:08 PM #9
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SurfersCreed SurfersCreed is offline
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Having lived in China for several years ( teaching) I am convinced that like so much in China, it's "economic strength" is a facade.
The cracks have been showing for several years, but if you've been paying attention, you'll have noticed a barely concealed panic in China's Communist Party this year.
When the smoke & mirrors fail and it's economy collapses, it WON'T be like Japan in the 90's. Japan was a stable and developed democracy when it's economy ground to a halt.
Japan could survive 20 years of economic stagnation because of this.
China on the other hand, is still essentially a 3rd World (75% of its population still live in rural poverty) one party system. This leaves it far more vulnerable to political collapse and social chaos.
I'm afraid this is going to happen within the next decade.
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