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We lost our jobs and our middle class to China....

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TEOTWAWKI

TEOTWAWKI

https://www.rt.com/business/318649-china-us-middle-class-credit/

China's middle class overtakes US as the world's largest

The US middle class, long considered a measure of prosperity, has for the first time been overtaken by China. A hundred and nine million people now make up China's middle class compared to 92 million in the US, says the 2015 Credit Suisse Global Wealth Report.

TEOTWAWKI

TEOTWAWKI

http://www.scmp.com/news/china/policies-politics/article/1866744/chinas-five-year-plan-expected-centre-sustainable

Great economic leap forward: China prepares for shift to market- and consumer-based economy


Sustainable growth

The last three decades have been driven by cutthroat expansion and there is general consensus among observers that this growth-at-all-costs approach cannot go on. The economic miracle of double-digit growth exacted a huge toll on the environment and widened the gap between the rich and the poor.

And yet China must grow enough to avoid the middle-income trap, the stagnation that follows the failure of a fast-growing emerging economy to make the leap from low-cost, export-led manufacturing to domestic consumption and services.

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