have you been living in a cave over the past 20 years ? do you not understand globalization, out-sourcing, economic inter-depency, ?
Why DoYou Post Like This? But seriously, globalization has lead to the interflow of capital, but not labor. Therefore, while American capital owners benefit the regular laborers do not. American growth will be led by R&D and IT, but unfortunately most labor lacks the training or educational capacity to fill these roles. America has an educated labor force problem.
Because recent Chinese GDP growth has not entirely been on the back of the Chinese consumer or export, but inefficient purchases of things like high end condos and buying unused fleet sedans. Things like the New South China Mall. What do you think would happen if the Chinese GDP grew only 1% next quarter? Would the capital still flow to China?
again, you have not answer the question. thus, i can only conclude that your dodging the questions signals that you have no idea WTF ur talking about.
Is China's economy a hoax? Recent Chinese GDP growth has not entirely been on the back of the Chinese consumer or export, but inefficient purchases of things like high end condos and buying unused fleet sedans, things like the New South China Mall. Therefore, the Chinese economy has been grown in an unsustainable manner. A hoax is a deception, and in this case the deception is to the global capital markets. If the Chinese growth were based on exports and consumption, this would not be the case. Supply does not run generate growth in the long term, demand does. But in this instance you have Chinese capitalists inefficiently producing to meet imposed growth requirements. Coupled with an artificially low exchange rate, there is unsustainable economic growth.
My last post of the tread .. or may be not Feel free to draw whatever conclusion .... http://www.economist.com/node/17090948
I've been using this thread as procrastination for my renal exam on monday. While pretending that this forum has any sway over Chicoms or international affairs is entertaining, it is still a huge waste of time.
Then you can start flushing the US economy down the toilet. There will be a small portion of unskilled work that will leave China to Mexico, but pretty much our alternatives are China and China. The cost of goods, including but not limited to daily necessities, will rise, right around when US consumers don't have **** to pay for them.
Are you really this stupid? Which Chinese organization is purchasing unused fleet sedans? The Chinese government? They purchase them every year. Good ones too. And they use them. Some would call it corruption but that doesn't change the fact that they are being used. There's a demand. New South China Mall is a joke. Some idiotic businessman made a really dumb business decision. He over-estimated demand. But that doesn't change the fact that it was a business decision, dumb or not. Your idiotic "policy economic growth" doesn't fly. There are rich people speculating on property in the so called tier 1 cities in China, but by far the majority of the country IS NOT. The property price figures, which you haven't checked, shows that other than tier 1 and some tier 2 cities, Chinese property prices are relatively low and flat. The only reason you see a move is because they come from such a low base that they were dirt cheap, because back in the old days, housing for the populace was provided by the government, at dirt cheap prices.
