{"id":1043,"date":"2015-08-25T19:43:45","date_gmt":"2015-08-25T18:43:45","guid":{"rendered":"http:\/\/www.amberhill.biz\/blog\/?p=1043"},"modified":"2015-08-25T19:43:45","modified_gmt":"2015-08-25T18:43:45","slug":"10-things-we-can-learn-from-the-chinacrisis","status":"publish","type":"post","link":"https:\/\/www.amberhill.biz\/blog\/?p=1043","title":{"rendered":"10 things we can learn from the #chinacrisis"},"content":{"rendered":"
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\"CHINA07\"<\/a><\/p>\n

1) What goes up MUST come down<\/strong> – I know it’s obvious but some people really<\/em> believed it was possible for an economy to grow at 7% per year indefinitely – just ask the punters on the Shanghai Index.<\/p>\n

2) Gordon Brown didn’t abolish boom & bust<\/strong> – but then we all learned that 7 years ago. Capitalism, for all its pros & cons, is inherently cyclical.<\/p>\n

3) Every Market is interconnected<\/strong> – more so now than ever before, any crisis in China will be replicated to one extent or another around the globe.<\/p>\n

4) No Government controls the market<\/strong> – whether its the State Capitalist Chinese or the Western Democracies – intervention is limited in its affect.<\/p>\n

5) Transparency is a concern<\/strong> – Is the Chinese economy still growing at 6%, 5% or much less – no one knows & there is a distinct lack of trust in the data supplied by the Chinese government.<\/p>\n

6) It will impact us all<\/strong> :- The Chinese economy is the second biggest market in the world & although exports vastly exceed imports the purchasing power of the Chinese middle classes will be severely curbed.<\/p>\n

7) Social upheaval will follow<\/strong> – The political tensions in China will erupt (to one degree or another); The Chinese Government will struggle to keep a lid on the educated middle classes who have got used to continuous growth & increased wealth.<\/p>\n

8) Capitalism is in crisis<\/strong> – as boom follows bust & vice versa Capital flows to the point of highest growth – leaving chaos in its wake.<\/p>\n

9) What comes next ?<\/strong> – no one knows – but maybe we should be looking to develop a sustainable society based on full-filling human needs rather than continuously expanding Gross Domestic product ?<\/p>\n

10) The sun still rises in the East, sets in the West & the world keeps on turning.<\/strong><\/p>\n

chris@amberhill.biz<\/a><\/p>\n

www.amberhill.biz<\/a><\/p>\n

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