China: A 5-Year Plan And 50 Million Jobs Lost…(War It Will Be…)
by Raul Ilargi Meijer via The Automatic Earth blog,
ZeroHedge.com
03/07/2016
China never had an actual economic model or growth model. It simply printed an obscene amount of money, especially after 2008, and used it to build factories, 30-storey see-through apartment blocks and highways into nowhere cities, without giving much if any thought to where this would lead when their formerly rich western customers had less to spend on its ever increasing amount of ever more useless products. It was “to infinity and beyond” from the start, but that’s a line from a kids’ fantasy story, not a 5-year plan or an economic model.
The Rest…HERE
