China Update August 2014

Everything I said about China’s weak position last year is true now. Actually it is worse. Wealthy oligarchs are taking cash out of the country and saving it in banks primarily in Pacific Rim nations and Western Canada, commerce is slowing still and the government has become more Mao-like, that is, more of a police-state.

Educated Chinese are sending pregnant women to the USA for “anchor babies” – as children who have American citizenship may eventually allow the family to follow. Chinese signs are now being posted at our Southern border for people creeping in illegally. All these are bad indications of political failure. I wish it were otherwise.

You can learn more by listening to John Batchelor on American radio.

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