Category: Currency Currents

Bringing Down the Communist Party ... and the US Current Account Deficit

Go Google news on “China labor strikes” and you’ll find plenty of recent articles about the latest worker strikes throughout the country (notably at the Honda plants).

We’ve talked about the threat that social discontent could prove to be to China’s economy – should China fail to realize double-digit growth then sustaining their economic model would grow increasingly difficult primarily because its citizens might become worried that the recent thrust towards prosperity is waning.

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