Registered: Sep 2006
01-20-12 03:51 PM
Quote from macroman:
you might be right but then au property will crash.
however, looking how HK survived 70% fall in property after english gentlemen left, i see this only as a temporary setback for chinese. you are aware they have the longest history and are better at playing politcs than anyone, right?
I hear this all the time, but I'm not buying it. Many of their people still live in abject poverty. The average rural Chinese worker earns about $200usd/month. I don't really care if they have a 500 year plan frankly. Many countries or regions can point to a time of cultural dominance. That doesn't usually extrapolate to infinity.
Remember when Rome ruled the world? Now Italy is a laughing stock.
I'm not saying that China is some joke or won't be a major player in the world, as obviously they are an awakening giant, but my point is they put out a lot of propaganda, and I think they are in for some major bumps in the road in the relative medium term.