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reds under the bed (Read 7601 times)

freediver

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www.ozpolitic.com

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At my desk.

Re: reds under the bed
Reply #75 - Jan 17^th, 2016 at 7:02pm

China's economy is booming because it is liberalising. If it continues liberalising, it will continue booming. I think they'd have trouble reigning it in now. There is no way the people would accept a shift back towards communism with the famines still a bitter memory. If you get hung up on the bumps along the way, it is because you cannot see the wood for the trees, like people who insist the sky is falling every time we have a recession.

People who can't distinguish between etymology and entomology bug me in ways I cannot put into words.

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perceptions_now

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Australian Politics

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Perth WA
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Re: reds under the bed
Reply #76 - Jan 18^th, 2016 at 12:19am

freediver wrote on Jan 17^th, 2016 at 7:02pm:

China's economy is booming because it is liberalising. If it continues liberalising, it will continue booming. I think they'd have trouble reigning it in now. There is no way the people would accept a shift back towards communism with the famines still a bitter memory. If you get hung up on the bumps along the way, it is because you cannot see the wood for the trees, like people who insist the sky is falling every time we have a recession.

In fact, the Chinese & Global Economy is Slowing & has been for some time!

The reasons, for that slowing , so far, will also ensure the Chinese & Global Economy will continue to slow for quite some time!

It is very likely that the effects of this Economic slowing, will likely prompt what may be called GFC2, which I suspect is already starting & which will become more apparent during 2016!

This GFC2, may well become a more severe Economic Decline, than was the case in the original GFC!

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John_Taverner Gold Member Offline Australian Politics Posts: 2212 Gender:	Re: reds under the bed Reply #77 - Jan 20^th, 2016 at 8:04am I think the danger for China is that political freedom will start to be controlled by the burgeoning opulent class. China has 213 billionaires, second only to the US. Wang Jianlin, the richest man in China has three times the net worth of our Gina Rinehart.
Back to top	« Last Edit: Jan 20^th, 2016 at 8:11am by John_Taverner » IP Logged

freediver Gold Member Offline www.ozpolitic.com Posts: 49371 At my desk.	Re: reds under the bed Reply #78 - Jan 22^nd, 2016 at 9:49pm I think it will be the communist party doing the controlling. What do you mean "start"?
Back to top	People who can't distinguish between etymology and entomology bug me in ways I cannot put into words. IP Logged

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