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You are seeing implications already with declining commodity prices. I just read that house prices in Sydney, Australia are dropping month by month for the fir
by chvid 11y ago
You are seeing implications already with declining commodity prices.
I just read that house prices in Sydney, Australia are dropping month by month for the first time in very very long time.
Probably more things if you look around a bit.
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I don't think we will see the growth rates in China drop below 5% as the growth is very different from what we have in the west. Essentially it is the rapid modernisation of an economy via strict central governance.
Think about it. Why would the GDP pr person in China be much different from the GDP pr person in Taiwan?
China will continue to have "supernatural" growth for the next many years.