July 09, 2016

Prosperity Watch

China's economy is still hurting the shipping industry which in many cases had restructured to ship raw materials to China and manufactured goods to the rest of the world, and with that cycle floundering, shipping is in a bit of a bind. While the BDI is rising a bit  that seems to be in part a blip due to the new Panama Canal expansion. There are actually proposals to scrap vast numbers of merchant ships

China's economy has other potential ramifications, such as the possibility of a billion and a half angry, hungry people and a government that's willing to do anything to ameliorate or at least distract from that problem. 

So...how are the Chicom's reforms going?

Well, perhaps a more in depth report would uncover some more positive developments.

I see.

Oh well, look on the bright side. We'll have all those shipping containers to play with, so we can set about eliminating homelessness as soon as we tar and feather the zoning board.  

Posted by: The Brickmuppet at 02:08 PM | Comments (1) | Add Comment
Post contains 169 words, total size 2 kb.

1 This reminds me about a photoset by a Russian(-speaker), who visited Puyang city, Henan province. Scrolling down, you see:
 - rows of brick "townhouses", where millions live without heat or windows
 - a makeshift tent with a frozen dead body, and nobody giving a flying sh*t
 - a cemetery that also serves as a field to grow cabbage for export (a close-up of a fresh grave is included)

Note that Puyang is not in the poor western provinces. It's on the border of "rich coast" and "rust belt", not very far from coast.

Posted by: Pete Zaitcev at Sun Jul 17 00:21:16 2016 (XOPVE)

Hide Comments | Add Comment

What colour is a green orange?

32kb generated in CPU 0.0233, elapsed 0.3448 seconds.
71 queries taking 0.3336 seconds, 361 records returned.
Powered by Minx 1.1.6c-pink.