Reply to post: Re: Overpriced kit

Nobody in China wants Apple's eye-wateringly priced iPhones, sighs CEO Tim Cook

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Re: Overpriced kit

rmason,

China is slowing economically. Or at least was at the end of last year - we await figures to see whether government stimulus is now working or not.

Obviously, for China a slowing economy has tended to mean growth dropping by a few percentage points to merely outstanding - rather than stratospheric - but that's because China has been urbanising and catching up from a very low econonomic base at a very rapid rate. At some point there'll be an actual recession - probbably just not for a few more years. There's been massive mis-allocation of capital limiting Chinese growth for decades now - mainly into the state-owned sector (and Party leaders' pockets). But the Chinese government still have a lot of firepower with $3 trillion of foreign assets.

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