Monday, December 29, 2014

China: Oil Tanker Market, Shanghai University for Elderly, Zombie Factories

Daily earnings reaching $100,000 per day from low of $20,000 due to China building up its strategic reserves. China importing 6m barrels per day, up 500,000 barrels YoY.

Shanghai university for elderly, ave age 65-70 years old, part of a network of 50,000 elder education institutions in China. They don't want to graduate.

Zombie factories supporting regional economies: if you cut the big tree, small trees around will die too. A lot of heavy industries in China being artificially supported.

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