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I was right about China (2016)...
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I was right about China (2016)...
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Steve Keen considers the following as important:
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| I was right about China (2016)... |
to be fair a lot of chinese grownth has been vased around investing in and building large cities that sit empty, millions tied up in real estate nobody wants because its better to pay workers to work rather than pay the unemployed to sit at home, but that massively undermines property values and is unsustainable, that along with a terrible birth to death rate giving them a top heavy aging population dependant on a tiny group of kids to support them and you have a recipy for an all out disaster