China looking inward as foreign economies slow

[Bindare_Dundat]

Exactly what Peter Schiff said would happen a years ago. Once China realizes they don't need Americans to buy their products, that they have a huge internal market to support themselves, they will start dumping the US. Things could be getting worse.

China's leaders seek to expand internal market to counter global financial turmoil

BEIJING (AP) -- China's ruling Communist Party on Sunday said it would seek to expand its massive internal market to counter the global economic slowdown that has reduced international demand for Chinese goods.
The party, led by President Hu Jintao, released a statement at the end of a four-day meeting of its Central Committee where it also approved a plan aimed at doubling rural incomes by 2020.

"We should step up efforts to boost domestic demand, particularly domestic consumption and keep the economy, the financial sector and the capital market stable," the party said in a statement released through the official Xinhua News Agency.

The party also recognized inherent "contradictions and problems" with China's economy and said all members should prepare for greater challenges as the global financial crisis unfolds.

China faces difficulties from high energy costs and inflation, but officials say the country has growth potential despite global uncertainties because of its large labor pool, vast domestic market and the increasing competitiveness of its companies.

[JBGRAY]

I don't think that would work out too well for China.  Good luck trying to feed all 1.4 Billion of your people.  Good luck in cleaning up the majority of China's rivers that are polluted with industrial toxins.  Good luck in correcting innumerable human rights abuses and violations.  Good luck in clearing up that great air in their great cities.  Aside from top Chicom government officials, the rich, and the small but growing middle class, the vast majority of the Chinese people suffer greatly under the Communists and the unregulated industries. 

Aside from reclaiming great swathes of now Russian land that had once belonged to them, or the continued colonization of sub-Sahara Africa(yes, you read that right), it is highly unlikely that China can function any better than a polished shitpot of a country.