CHINA: Cracks In The Great Wall?

The recent global recession has forced China to “slowly decouple” its dependence upon American and European markets and bolster its domestic market share.  China also realizes with the “reality of technological convergence” Western firms are helping lands with even cheaper labor costs than China to produce goods that compete with China.

China has internal problems that will slow down its economic boom.  With more than 150 cities with over one million people, selling more cars and appliances to the Chinese people causes massive pollution problems, in a land already with a weak environmental record.  The lack of media transparency promotes China’s political and economic corruption and its huge bureaucracy can add costs and time.

China’s social experimenting with population growth since 1980 has backfired.  It’s population growth has shrunk to 0.5% and its work population is aging faster than the USA. It has ugly demographics (118 boys born per 100 girls, meaning some 30 million “lost” women.).   Despite our serious problem with illegal immigration, our immigration growth assures the USA of a workforce and customer base for the next thirty years.