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The Forum > Article Comments > Is China Facing a Boom or Bust? > Comments

Is China Facing a Boom or Bust? : Comments

By Dan Denning, published 16/4/2010

We're working on the assumption China won't go bust. But what if it does?

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China's development train is certain to run into the buffers soon.
At a growth rate of 11.9% it will double its economy in little more
than 5 1/2 years. There is nowhere enough oil, gas and coal available
to enable such expansion. Despite all the oil rights and contracts
China has tied up around the world, there are not even enough tankers
to ship the oil. and the ports could not handle double the coal, even
if it could be got out of the ground fast enough.

It just won't happen. Even getting 10% more for next year is virtually
Therefore China's economy will come to a grinding halt, probably in
the next 12 months if not sooner.
Posted by Bazz, Monday, 19 April 2010 3:34:48 PM
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