That and the ridiculously low rates of electricity consumption.
Empty, dark, unpowered cities, roads not being driven on.
It’s amazing and frightening how many pundits in this country tried to sell us on a huge China boom (Jim Rogers anyone?)...USING “DATA” FROM THE COMMUNIST CHINESE GOVERNMENT.
They were all fake numbers.
But hey, they are just trying to protect their investment. If they can’t lend us more money, then we can’t pay them back, and they lose lots of cash.
Look for commodities to plunge when China starts selling their stockpiles to purchase food to feed their people, who have given up agriculture in droves to work in the cities.
All that money we “borrowed” from China, where did they get it?
They didn’t. Much of it was monopoly money from the get-go, sort of like 5th hand derivatives.
It was all a shell game. The game is coming to a conclusion.
and why did anyone ever believe government statistics? Look at the US unemployment and inflation stats, both are totally fake.