News about the Chinese economy has become a bit worrisome, for instance from the New York Times earlier this week, “China Confronts Mounting Piles of Unsold Goods“:
After three decades of torrid growth, China is encountering an unfamiliar problem with its newly struggling economy: a huge buildup of unsold goods that is cluttering shop floors, clogging car dealerships and filling factory warehouses.The glut of everything from steel and household appliances to cars and apartments is hampering China’s efforts to emerge from a sharp economic slowdown. It has also produced a series of price wars and has led manufacturers to redouble efforts to export what they cannot sell at home.The severity of China’s inventory overhang has been carefully masked by the blocking or adjusting of economic data by the Chinese government — all part of an effort to prop up confidence in the economy among business managers and investors.Now looking backward at oil prices over the last decade, how much of growing demand for oil has come from China?...MORE
Friday, August 24, 2012
Did China cause North Dakota’s oil boom?
From Knowledge Problem: