People don't understand what this all means because they don't understand how crucial this over development and speculation was key to their currency manipulation.
They were building cities the size of Indianapolis once a month... giant ghost towns of cheaply made dangerous buildings that nobody lives in just so they could cook the books on growth, housing, labor, everything...
The big trick to the china play is artificially inflating all sectors while artificially deflating your currency making your country ripe for foreign investments, especially in the manufacturing sectors.
This all started to pay off for them years ago when all the big pharma pill factories moved in for the cheap labor... many industries suffered because most of the labor pool shifted to the pharmaceutical industry in areas of the country that were usually more related to fireworks and cheap novelty manufacturing.
The labor had already been trained on handling of raw chemicals and the proper methods of screening and mixing compositions... it was perfect for big pharma to swoop in and start making stupid money on the backs of the poorly paid laborers.
Anyway the collapse of one of the legs of the tripod of the china currency manipulation is going to crush the whole system... it's all exposed now and the cities they built just a few short years ago are already starting to fall apart due to nobody living there, no maintenance at all on cheap and poorly made hollow walled stage props cities.
People were sounding the alarm on this years and years ago when it all started, but nobody cared because nobody saw the big picture.
People don't understand what this all means because they don't understand how crucial this over development and speculation was key to their currency manipulation.
They were building cities the size of Indianapolis once a month... giant ghost towns of cheaply made dangerous buildings that nobody lives in just so they could cook the books on growth, housing, labor, everything...
The big trick to the china play is artificially inflating all sectors while artificially deflating your currency making your country ripe for foreign investments, especially in the manufacturing sectors.
This all started to pay off for them years ago when all the big pharma pill factories moved in for the cheap labor... many industries suffered because most of the labor pool shifted to the pharmaceutical industry in areas of the country that were usually more related to fireworks and cheap novelty manufacturing.
The labor had already been trained on handling of raw chemicals and the proper methods of screening and mixing compositions... it was perfect for big pharma to swoop in and start making stupid money on the backs of the poorly paid laborers.
Anyway the collapse of one of the legs of the tripod of the china currency manipulation is going to crush the whole system... it's all exposed now and the cities they built just a few short years ago are already starting to fall apart due to nobody living there, no maintenance at all on cheap and poorly made hollow walled stage props cities.
People were sounding the alarm on this years and years ago when it all started, but nobody cared because nobody saw the big picture.
China going to wish they stuck with fireworks and finger traps.