China Howls but Dalai Lama Draws Crowd at Human Rights Talk
. . . no, not the Dalai Lama, silly, China!
China today has some residual power driven by its status as the worlds largest manufacture of plastic trinkets, and iPhones. But not much as it is beginning the collapse of its myriad Ponzi Bubbles.
IMF issues warning on global growth as China exports plunge - FT.com
The IMF is correct to worry about China, but wrong to think that a little consumerism can right the economic ship of China. China is a massive debt Ponzi, construction Ponzi, Ghost cities Ponzi, infrastructure Ponzi, bank Ponzi, to name but the larger few.
China cuts growth forecast - FT.com
This is mostly blather, and bluster. It is impossible to trust these numbers, and from what I have seen, the backing internals do not support GDP growth of 6.5% and may not support GDP growth of even 3%. Nor do I see any of this changing over the next many years. I have no crystal ball, but the world has achieved peak Socialism in Japan, Europe, China, Russia, and much of Eastern Europe. The results of this are demographic decline, an aging population, business stagnation, and economic stagnation. The feckless, dithering politicians who cannot take the steps necessary to shift from the dying Socialist/progressive economic model to a new functional economic model, will not be savior in this scenario. I suspect this ends with the following cue card,"And a hard landing was had by all!" Huzzah! Huzzah! Huzzah!
The Dalai Lama only needs to wait out the rapidly weakening China to win this one. What that win will look like is anyones guess, but let's hope, and pray for something less "interesting" than a full on revolution in China. Perhaps China could learn from the late 20th Century Russian revolution, and make it relatively uneventful? Yeah, I think that's mostly wishful thinking too, but I am sticking to that wish, since it would mean fewer casualties.
Perhaps the CCP survives these rough seas, Perhaps not. Regardless, nothing will be the same for the CCP and its leaders. Once the China Colossus feet are revealed as made of clay, it will never be viewed the same. And once it cracks, and the little mouse inside wanders out, it will return to its appropriate place in world events.