China Slowdown Update: Manufacturing Hits 9-Month Low
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  • Jim.

    Economic structures based on market signals and low-leveraged customers are stable.

    Economic structures based on (inevitably flawed) central planning and/or immense leverage are unstable — they will collapse, and that collapse will feed off itself in an enormous catastrophe.

    Postponing and prolonging economic pain isn’t the same as preventing it.

  • Luke Lea

    And, of course, the true figures are likely worse than the official ones. The Party has an interest in keeping confidence up.

  • Luke Lea

    VChina Trade Imbalance Costs 2.7 Million U.S. Jobs: Report

    A $295 billion trade deficit with China resulted in the loss of 2.7 million U.S. jobs in the past decade, with the biggest impact in California’s Silicon Valley, according to a report from the Economic Policy Institute.

    China’s failure to let its currency appreciate while also repressing labor rights and keeping wages down has led to more than 2.1 million lost manufacturing jobs, according to the report released today in Washington. That total includes more than a million jobs in the computer and electronics parts industry. Industries including apparel, textiles and fabricated metal-products lost about 600,000 jobs, according to the report.

    “The onus is on the U.S. and other nations to do something about currency manipulation,” Robert Scott, who wrote the report and is a former economist the University of Maryland, said in an interview.

  • Atanu Maulik

    I would love to see a poorer and more volatile China. That will increase the chances of regime change there, something which is long overdue.

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