See earlier entry: https://blog.strategy4china.com/?p=108 to read about James’ book “China Shakes The World”.
The book starts describing (Page 6) how everywhere around the world people would steal whatever (manholes!) to sell it as scrap iron. Destination: China.
Then later some lady made big money buying scrap paper to ship to China.
China, hungry for anything to feed its industry. The factory of the world.
Well, times change.
In the USA ports are getting clogged – mountains of scrap paper, scrap iron and similar are piling up as China stopped importing. In China, iron ore is piling up at the ports as the iron & Steel Industry is scaling down.
If you still doubt the world economy is in trouble…
Maybe James can write another book: “The World Shakes China”.