Steve Wynn of the Wynn Casino in Las Vegas, NV talking politics and economy with CNBC. I thought you might like to listen in… He is building a casino in China, but having issues because there has been a worker shortage. This aired about two months ago.
I agree. 🙁
However, not to take away from the message, China and similar nations are such closed societies and tight governments that true and accurate information from these gov’s is hard to come by and is unreliable. As such, it’s hard at best to really judge about the accuracy of the health of the Chinese (and other) societies and economies. There is some evidence now the Chinese economy too is slowing down.
You are right, I too have recently seen several reports of the Chinese economy starting to slow. Makes sense since we are not buying enough product and stimulus did not work to stimulate sales in the US of goods that are purchased and shipped here from China…