 | EL PROBLEMA DE LOS SALARIOS EN CHINA |
Will China Boom to Go Bust? , China's problem according to Richard Duncan, chief economist at Blackhorse Asset Management is that 80% of the public earns less than 10 dollars a day so the people working inside the factories do not earn enough money to buy what they are making , in the past they have been selling all the surplus to the United States but now that the US is in crisis it cannot continue to absorb China's surplus production so China's era of rapid growth led export is coming to an end , he argues that due to slow wage growth and consumption capability, China's era of rapid growth will soon end.
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