These are strange times, when we find ourselves hoping that Communist management will somehow work out for the best. After all, those unfinished malls and homes will hold a lot of wood products. If anyone ever moves into them.
But as one wood industry leader commented to me recently:
"... we're crawling all over each other trying to provide them the materials to [build more, just] to make a buck. In my opinion, we are going to regret this eventually.
For the average Chinese citizen, I'm not sure how satisfied I would feel living in a country where you have to work like hell just to get by and then have to look at all that nice new housing you can never afford to live in. If there is a bubble developing and they have a severe economic downturn as a result, look out."
In more idealistic times, we might have looked forward to the collapse of the Chinese communist system so that true, unfettered capitalism might take root. Now, however, the implications of that occurrence are terrible to contemplate, both for the Chinese people, and for the other economies of the world, including ours.
Anyone have any ideas?