[TigerLikesRooster]

Re #6

Correction:

It is true that China wants to build their "own" industry, not more mere subsidiaries of multinationals. However, if they use this overcapacity to wean out Western companies, their collateral damage would be huge. They will have an economic bust at least for a while, which they may not be able to escape survive. Remember Tienanmen Uprising? That erupted because China is was in a recession at the time. Imagine what will happen if Chinese economy really tanks, as S. Korea or Japan did. Things can get really ugly fast.

[DarkWaters]

Remember Tienanmen Uprising

Remember what happened once the media was thrown out on their butts? What ever uprising there will be will be short lived, Beijing has no desire to see things grow out of control and wreck their plans. Their economy is expendable, so our their people, and so our foreign investors, but not their long range plans. They have pretty much all they need for manufacturing a more or less modern military. Any spare capacity that the fools of western companies happen to supply them with prior to closing the business down is just par for the course. That is probably why they haven't stopped the glut that is accumulating, the more rope the west gives them, the more people they can hang.

Also, Chines debt to GDP is 50% plus, this is totally unsustainable and the Chinese gov knows this, yet they allow it to continue to accumulate as much manufacturing capacity and capability. The leaders there are very shrewd for allowing this.