Reauf
One argument I'm tno
One argument I'm tnoiyg with: the idea that there's overcapacity seems to be pretty clearly true (I've read extensive discussion of this in the steel context). Eg see the . If you think a) the Chinese system has created major overcapacity in key industrial commodity processing areas, but also b) will do whatever it takes to maintain growth, and c) US/Euro demand in key export markets for China will slow down due to deleveraging, THEN, it creates incentives for the Chinese state to promote aggressive expansion into new export markets that China doesn't currently dominate in order to take up the slack. Eg, one mitigation of the overcapacity in steel production would be an aggressive push into exporting cars.This would tend to worsen the position of manufacturing industries in the west. http://oyfltxpct.com [url=http://dzdwnetgfmx.com]dzdwnetgfmx[/url] [link=http://jigshik.com]jigshik[/link]