a news article/story which I can't find in written formate to post here!
The reporter was stating that China has over built homes and tower blocks etc and is now at
the beginning of a property bubble bursting. They are already getting some small companies
not paying back their loans. Add to what debt they bought to bail out the rest of the world
and you begin to get the sense of what could happen.
As it is a commonly known fact that China has one rule for the Chinese and something totally
different for none Chinese investors or manufacturers who have factories in china.
The writing could be on the wall and any body with a factory out their could lose the factory,
the machinery and the workforce.
(a lawsuit by bmw over the mass production of a counterfeit bmw 4x4 telling bmw that it
wasn't the same car even though the only difference was the badges might give you an idea)
So will it be another world recession or a great depression?
Here we go again!
Some companies have been moving manufacturing back to the UK or USA for economic reasons
such as a quicker turn around of products and not having to wait for stuff to be transported
around the world by container ships and be open to being stuck in a port due to strikes or pirates.
How many more will start to do this when they realise that china's recession could do?
And before people think that has nothing to do with cars, how many of us have bought that
little car part from/made in china because it was cheaper or not available elsewhere unless you paid
stupidly high prices!
