And it's all sitting to the North ... in Siberia.
Ping.
Invest Now?
Interesting post..however, if as many assume..much of the Chines economic growth turns out to resemble the "Massachusets miracale"..or doesn'tmplode under a weight of bad/fradulent loans..then this is a handy,a nd face saving excuse..
I just don't see the problem. The Chinese seem to have a pretty free market economy at this point, so it will adjust to balance demand versus supply. I only wish the US liberals would stop tinkering with our economy. With all of the regulations, taxes, and mandated employee programs, we handicap our economy. Of course, China is also more likely to experience a nuclear plant melt-down than we are! I guess some regulations are OK. 8)
Wasn't it the rationale of the environmentalists to shift the dirty manufacturing plants to developing nations in order to reduce pollution and energy use in the United States? Well, they've succeeded. Except that the pollution isn't gone, it's just transferred. And the energy use isn't lessened. It's multiplied many times with the accelerated industrialization of this major population center. Nice work, fellows. I'm sure you know where we can get some extra oil reserves, because the Chinese will be competing for all of the ones we have now.