what is wrong with China? GDP per capital is not $10k yet and already slow down? I remember Japan did not slow down till their GDP per capital hit $39k. It's best interests for Vietnam to divert its trade away from China or will be drag to the same hole. The Vietnameses businesses trade with China will soon go bankrupt..
I've written about it yesterday. The Chinese market is getting saturated, the part of it that was growing. To grow 1.2 BILLION people, its not easy. What helped the Chinese the most, will ALSO be their MOST difficult task, to support and provide for 1.2 BILLION people. Same goes for India, where 600 million people don't even have proper beds to sleep on and use proper bathrooms.
Both of these countries have the SAME issue, outside of the part of the economy that's growing.....there is a 60%+ population that doesn't have that economic and growth environment or education available to them. What do you do with that? You as a government STILL has to care for them.
You can't compare the Chinese and the Indians with Japan, the US or the UK on per capita income or through the quality of life. There are much less people to cater for in Japan, the US and in other Western countries. The economic systems have been in place and the countries have been providing for their respective populations for decades. Where as in China and India, these systems have to be developed from pretty much scrap and it is not easy. Having a billion plus population helps your economy to grow to a degree but then it becomes harder to do it across.
China and India will remain in high growth markets but in the next 2-3 years, the real growth will go elsewhere, Africa will become the focus, Pakistan, Mexico, etc will return much higher returns than China, India and Brazil.
