The Chinese production figures are soon going to take another hit.The slowing growth, the credit tightening and the long holidays are going to make an impact on the figure which come out soon enough.There is another aspect which many have not looked into while analysing the long term prospect of growth in China.The falling labor market,mismatch , wage drops, or late payments, and general non return of the migratory labor is effecting or will effect the industrial production.
The slowing in growth, looming credit crisis and the fall out from shadow banking losses will take its toll.The question is do the rulers of the Chinese nation wish to take quick action to correct the situation which now deeply ingrained in the system, or will it sweep it under the carpet as it usually does.There is one certainty, if China falters it will not go down alone it will take most of the world with it.
The slowing in growth, looming credit crisis and the fall out from shadow banking losses will take its toll.The question is do the rulers of the Chinese nation wish to take quick action to correct the situation which now deeply ingrained in the system, or will it sweep it under the carpet as it usually does.There is one certainty, if China falters it will not go down alone it will take most of the world with it.