RGacky3
1st December 2011, 09:30
Down 2.8% from last month and 11.9 from last year. (http://news.xinhuanet.com/english/2008-12/15/content_10506242.htm)
I don't think this is due to the rate of profit falling, as I don't think the Chineese economy has advanced enough for that to be a problem. But it is a sign of global demand falling.
You can't increase domestic demand without disrupting the labor market, so what do they do? Keynsian fiscal stimulus, which is pretty smart for China, and its really all they can do, but the chickens will come to roost.
I don't think this is due to the rate of profit falling, as I don't think the Chineese economy has advanced enough for that to be a problem. But it is a sign of global demand falling.
You can't increase domestic demand without disrupting the labor market, so what do they do? Keynsian fiscal stimulus, which is pretty smart for China, and its really all they can do, but the chickens will come to roost.