Your theories and hypotheses are fascinating blast19, and well thought out too. No, really. You are someone for idiots all around the world to look up to. It's a pity you're not President because you could nuke 'em all, just in case they had nukes to wave around. The funniest thing is that you've provided me with the reason why the US is in trouble - it has citizens like you. It's not that you don't have the capacity to think, you just choose not to switch that function to 'on'. Just take a couple of deep breaths before you spew out more abuse, OK? Or at least try and do a liitle better than name-calling. I think the original point of this discussion was about China's future, not who hypothetically was waving nukes around. And not who our resident Mensa member thinks is stupid. So, what do people think are the major stumbling blocks to China continuing on its current path? How big a role will the floating/non-floating of the yuan play? Che
China to clean up reporting of economic figures - http://www.atimes.com/atimes/China_Business/IA20Cb04.html It does seem to me that the central government does recognize the need for improved governance and is taking steps in that direction.
There you go again avoiding an answer to my hypothetical question. I asked a question that retorted your stupid theory and you can't answer the question. How is it that the US is in trouble because of me? I spend most of the year out of the country and don't partake in voting...so how is that feasible? Your rhetoric is boring and makes no sense...you can't even answer legit questions that arise out of your utterly moronic statements.
China simply executes its corrupt politicians. AWESOME. The "undervaluation" of the Yuan is a smart move by China, read some non anti-asian columnists analysis about it. It is the right thing to do. There are many anti-chinese people for no reason, yellow peril is still strong today.
I believe it is highly likely that China's citizens will continue to experience real wage and standard of living growth in the top quintile of all countries for at least several more decades. This is due to enlightened economic policy, including but not limited to these critical areas: - relaxation of price controls on goods, services, and labor - privatization of State Owned Enterprises - liberalization of barriers to international trade including tariffs and quotas - liberalization of barriers to direct foreign investment - achieving long term low rates of inflation - increasing currency convertibility - lowering taxes on businesses - maintaining an exceptionally high rate of savings (and thus investment) - increasing depth of capital markets and venture capital - increasing property rights - gradual privatization and liberalization of the banking system These policies have direct short and long term positive impacts on sustainable productivity growth, which translates into higher real wages and real GDP growth. Most studies predict it is likely China's PPP-adjusted GDP will overtake that of the US between 30 and 40 years from now. There are of course all sorts of political, economic, and even social consequences of China's economy growing so large. Personally, I think they are mostly positive for citizens living in developed countries, and can be extremely positive under some scenarios.
I think calling your questions 'legit' is a bit of a stretch... if you decide to pose a question worth answering, you may just get a response from someone in here.
Why waste time asking questions if you're not going to read the response? You're better off sticking to statements. How about you just tell yourself that I'm avoiding your question because you're just too darn clever for me. Not because your questions are pointless. Yeah, let's do that. bluster19 - I'd love to continue trying to get some sense out of you, but that just isn't going to happen. Not today anyway. Maybe you're going through some tough times right now and hurling abuse on forums makes you feel better. Who knows. Or maybe you were beaten up at school and this is how you feel like a tough guy. Hang on a tick, damn it, I've fallen into that bloody trap again... "Never argue with an idiot - because all they'll do is bring you down to their level and beat you with experience." BTW, don't expect a reply to your next stream of abuse. And as much as you may think that I've read it and not responded, you'd be wrong. I ain't gonna read it. But you'll assume I have. Which is kind of OK, because we'll both feel like we got the last word - but only I'll know who did. Che
I have read reports that the Chinese wage may have to rise. They will eventually run out of farmers moving to the cities to take factory jobs, and other even further less developed countries might have even lower wages than China. The cheapest wage being available in China is not going to last forever. Another issue is that the Chinese are not ruled by democracy and at any time a few socialist idiots could take control at the time like Chavez and reverse all the gains of the last 20 years, not to mention a civil war or military quo as a result of the horrible working conditions and lives of the mostly poor population. I am not highly educated when it comes to China, but I do know that there are definitely issues that go against China if people would just look beyond the cheap labor and economic tactics. It is also my understanding that democratic India will become the west's counter to China. In that regard it doesn't appear that China could possibly become the sole superpower in the world as long as India is around.