Quad, you are smart, often better informed than I am, but you do tend to make the "turkey's mistake." Always judge what will be by the past and then get a big surprise on Thanksgiving Day that things can rapidly change. China is busy (while Uncle SAM is trying to stop the ship of state from sinking now) building a huge African trade relationship.* China needs the wealth of Africa (and of S.A. too) to bring four times the US population up to US living standards. Kmguru pointed out the FUTURE potential in this growing region. China is not making the turkey’s mistake but looking to the future with a 50 year plan (10 separate 5 year plans.) Agreed it will not happen overnight, but it will happen as I foresee the future. – I have a good track record of doing that correctly. And I never said Africa & S.A. ALONE would replace US & EU markets. I expect more than 80% of their production will be for the rapidly growing domestic market in a decade at most. You can project current domestic consumption trends and see that their buying power will exceed that of the US in less than a decade - already Chinese are buying more cars, cell phones, and computers (as well as making more of them.) than the US is. ----------- *to give just one example: China is building many dams for power in china, including the world's largest now on line making power but half of all the dams now being built in the entire world are in Africa, and almost all of them are being built by Chinese. They are not the best “good will ambassadors” - They first build their own housing, communal kitchens, import their own food, etc., and offend the locals they hire and poorly pay for manual labor.