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Is China Facing a Boom or Bust? : Comments
By Dan Denning, published 16/4/2010We're working on the assumption China won't go bust. But what if it does?
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Posted by Bazz, Monday, 19 April 2010 3:34:48 PM
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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
impossible.
Therefore China's economy will come to a grinding halt, probably in
the next 12 months if not sooner.