China's 10% growth rate is a (ongoing) lie. The Chinese currency (Yuan) is purposely kept low by the CCP in order to keep trade rates high; this is leading to mass inflation and false (although impressive) reporting of GNP and other things related to this growth rate.
Secondly the real estate market is increasingly putting the entire Chinese economy in great peril. It is an economic situation that will cripple the CCP. For more info on the real estate situation read the following article:
http://www.dailyfinance.com/story/real-estate/why-china-cant-cool-its-overheated-real-estate-boom/19371786/
Read this article and then we can talk more. I am not just bashing China. I am well educated on the subject of China and the CCP. If anyone wants to talk about the situation in a realistic and intellectual manner, I welcome it.
Thanks,
unit45x; William Kai Stephanos
Monday, March 15, 2010
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