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RE: Is China a ticking timebomb?
That is simply not true. The whole reason China is not importing from Europe or US is because those regions have higher living standards and it is too expensive for China to import items from there. It is quite different with Africa.
How too expensive?? China is selling too much, which means its earning is also good. Alibaba group in among top 10 businesses of the world.
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They are importing a lot of German Cars (BMW, Mercedes, Audi and VW).