China in denial over S&P rating cuts

German NTV

The observation is correct: No growth is one thing. The other thing is that you need to take huge efforts if you got cut to get new loans. In other words, you need to sell. One thing is important for growth: substance. When Margret Thatcher sold out the British economy, she forgot that it wont be the same again. Instead, China acts substance-oriented. Huge national companies that can climb production easily. Output is only a side notice. If it needs to gow, it grows. That is the misunderstanding of S&P:1) You can be able to flood a market only by know-how 2) or you can do because you got furthermore the plants that grant you immense output. That is why S&P is actually more rotten than they like to admit to.

So, whatz happens if a Portuguese grabs a math book and invents a product and got it ready to produce in 2 years? The fhit. Because in 2 years the corresponding plant got probably just shut or sold , so he is in for 5 years, and then, the product is probably old again.