>Productivity has risen to the point that the world simply has too many people to meaningfully employ them all. China doesn't have a domestic or international

>Productivity has risen to the point that the world simply has too many people to meaningfully employ them all. China doesn't have a domestic or international consumer base large enough to buy everything it produces. For some years now Chinese growth has been fueled by a real estate bubble of truly historic proportions that has burst. Even in a healthy economy with a healthy demographic structure it takes time to recover from the depths of the business cycle, China is healthy in neither sense and this is an economic crash its unlikely to meaningfully recover from.