So an export economy in the midst of a worldwide recession somehow has a 7.9% growth rate? BS or Germany would love to know it’s secret, as would SK, Taiwan and Japan.
They do have a huge domestic market, over three times the size of our domestic market on a per head basis. If they could redirect production to thier domestic market instead of an export market, then they will be just fine.
It’s not BS. China’s people are now beginning to buy the things we cannot afford here.
Peter Schiff predicted all of this 3 years ago and they laughed him to scorn.