And now supposedly Chinamis storming ahead. Really? The ever growing number of ships parked off the East Coast here in Singapore tells me otherwise.
Official China data isn't worth the paper it's printed on. They're trying to pretend all is well when it patently isn't.
I believe the Chinese economy is a huge Ponzi scheme relying on sucker westerners pouring in capital at the bottom. Once the west stops pouring the cash in as it finds cheaper places to make its cheap plastic rubbish (SE Asia, Africa, Bangladesh etc) the Chinese economy is going to be in real trouble.
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