Oil price shock means China is at risk of blowing up
Montag, 7.7.2008“… The manufacturing revolution of China and her satellites has been built on cheap transport over the past decade. At a stroke, the trade model looks obsolete … The cost of a 40ft container from Shanghai to Rotterdam has risen threefold since the price of oil exploded … distance costs money … 2,331 shoe factories in Guangdong have shut down this year …”. Von Ambrose Evans-Pritchard. Quelle: Telegraph.
