11 Mar '17, 10am

via PEAK OIL: Can China Lead The World Economy?

Davy on Sat, 11th Mar 2017 5:29 am China is leading the global economy in its area of competitive advantage. It is clear what China does and does it well. Globalism has damaged all nations and China profoundly so. China grew at a blistering rate and that created many disruptive effects. The worst to suffer is China’s environment. Its people have grown from a once relatively sustainable people to one of today’s least sustainable. A billion plus people many of whom are in mega cities will not survive a downturn well. As globalism declines China’s export driven economics will suffer and that is already apparent in steel, cement, and cheap consumer products. It is too late for it to make a transition to a service economy. This is similar to all the talk of the US bringing manufacturing jobs back. These conditions are part of the global fabric now and the global fabric is now m...

Full article: http://peakoil.com/consumption/can-china-lead-the-world-e...

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