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China is #1 now
#21
Replace the US as the top #1 endebted nation?
What a great idea!
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#22
China poised to pass US as world’s leading economic power this year

Quote:The US is on the brink of losing its status as the world’s largest economy, and is likely to slip behind China this year, sooner than widely anticipated, according to the world’s leading statistical agencies.

The US has been the global leader since overtaking the UK in 1872. Most economists previously thought China would pull ahead in 2019.

Yes, the United Sodomite obamanation has been collapsing faster than all previous projections. Perhaps this is the reason for the Simian's attempts to provoke a nuclear war lately?
Sodomia delenda est

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#23
(04-30-2014, 10:59 AM)mv Wrote: China poised to pass US as world’s leading economic power this year

Quote:The US is on the brink of losing its status as the world’s largest economy, and is likely to slip behind China this year, sooner than widely anticipated, according to the world’s leading statistical agencies.

The US has been the global leader since overtaking the UK in 1872. Most economists previously thought China would pull ahead in 2019.

Yes, the United Sodomite obamanation has been collapsing faster than all previous projections. Perhaps this is the reason for the Simian's attempts to provoke a nuclear war lately?

Yet the USA still provide China with millions in foreign aid dollars! Banghead
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#24
Are we giving them foreign aid?
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"INSIDE EVERY PROGRESSIVE IS A TOTALITARIAN SCREAMING TO GET OUT" - David Horowitz

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#25
(04-30-2014, 11:45 AM)John L Wrote: Are we giving them foreign aid?
Yes.

U.S. Assistance Programs in China
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#26
That's beyond terrible. I don't care how little it may amount to. I thought you were going to refer to all of our trading with them.
___________________________________________________________________________________________________
"INSIDE EVERY PROGRESSIVE IS A TOTALITARIAN SCREAMING TO GET OUT" - David Horowitz

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#27
(04-30-2014, 01:23 PM)John L Wrote: That's beyond terrible.

What is the big deal? We can always print more dollar bills.... S6
Sodomia delenda est

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#28
These assistance programs are a way to buy political influence there by focusing on human rights, democracy, Tibet etc...
No wonder that the NGO's are expelled after a while.
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#29
(04-30-2014, 11:45 AM)John L Wrote: Are we giving them foreign aid?
China is quite good in begging for money claiming it is very underdeveloped, and it is true that China is a very primitive place when you drive out to the suburbs for 30 minutes from all major cities.

Drive 60 minutes away from the cities and their suburbs and you will be shocked what you will see.

On the other side there is a certain upper class, 60 million people or so, not over 5 percent of the population, which enjoys a life in a paradise.

The living standard in general for ordinary citizens is not better in China compared to most other Asian countries. It's a poor country.

China is like India, about the same - many are truly poor, but some are rich far beyond your imagination. Many do not even know what to eat tomorrow, but the rich government is producing rockets to the moon.
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#30
Patent pending...
this month the project won $300,000 in backing from Guangdong Yuezheng Investment Management Limited[Image: F5MA3Vh.jpg]
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#31
(12-17-2012, 11:56 AM)mv Wrote: [Image: China_World_Largest_Manufacturer.jpg]

http://www.theatlantic.com/business/arch...ok/266221/#

Anyone surprised?

Not I. Look at all the corporations from the US who have gone there. They are taking advantage of making middle class consumers of over a billion people.
"I was recently on a tour of Latin America, and the only regret I have was that I didn't study Latin harder in school so I could converse with those people." —Dan Quayle
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#32
(06-02-2014, 02:01 AM)yohan Wrote:
(04-30-2014, 11:45 AM)John L Wrote: Are we giving them foreign aid?
China is quite good in begging for money claiming it is very underdeveloped, and it is true that China is a very primitive place when you drive out to the suburbs for 30 minutes from all major cities.

Drive 60 minutes away from the cities and their suburbs and you will be shocked what you will see.

On the other side there is a certain upper class, 60 million people or so, not over 5 percent of the population, which enjoys a life in a paradise.

The living standard in general for ordinary citizens is not better in China compared to most other Asian countries. It's a poor country.

China is like India, about the same - many are truly poor, but some are rich far beyond your imagination. Many do not even know what to eat tomorrow, but the rich government is producing rockets to the moon.

Not anymore. The Chinese government has demanded that the American corporations raise the wages of its people. AND the standard of living is rising across the board. While the rural areas may be backward, so is the US rural areas. And the unemployment in rural US is quite bad, along with the lack of medical facilities.
"I was recently on a tour of Latin America, and the only regret I have was that I didn't study Latin harder in school so I could converse with those people." —Dan Quayle
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#33
(04-30-2014, 11:45 AM)John L Wrote: Are we giving them foreign aid?


More like they are funding us

What happens when China quits buying our bad debt

[/quote]February 17, 2012 | Comments (214)

For years, people have wondered what happens when China stops buying U.S. Treasury bonds. Once China refuses to finance our massive deficits, the thought goes, interest rates will surge, and the Treasury might have a hard time selling bonds (ask Greece what it's like). And if China actually began selling its Treasury bonds... that could bring about something far worse.

But we don't have to wait any longer. China has been a net-seller of Treasuries for the past few months. And not only does the world still exist, but interest rates are near an all-time low. Like so many other stories about the economy, the idea that the U.S. is reliant on China to buy its debt and that hell will break loose when it stops is greatly exaggerated.

China has indeed been a prolific buyer of U.S. debt over the past decade. In 2000, mainland China owned less than $60 billion of Treasury debt. By 2010, it owned more than $1 trillion, surpassing Japan as America's largest foreign creditor.
Quote:We borrow money from them.
"I was recently on a tour of Latin America, and the only regret I have was that I didn't study Latin harder in school so I could converse with those people." —Dan Quayle
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#34
LL - Just so you know. That supposed Dan Quayle quote is an untrue quote served up by Representative Claudine Schnieder in 1989 as a joke. Quayle never said it.
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#35
I think it's hilarious either way.
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#36
The FED is compensating for the lack of Chinese and othewr foreign US treasury buying. So everything is under control.... so to speak.
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#37
Wasn't sure where to put this one, but figure this thread is perhaps best. If China is Number One, it is definitely number one in citizens wanting to leave. The Great Chinese Exodus. And its for a host of reasons.

I keep waiting for the Chinese collapse, and it still hasn't happened. But sooner or later..............
___________________________________________________________________________________________________
"INSIDE EVERY PROGRESSIVE IS A TOTALITARIAN SCREAMING TO GET OUT" - David Horowitz

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#38
Honestly, I am not happy with massive amounts of Chinese immigration, especially to places like British Columbia and what not. They tend to basically form a little China and isolate themselves from everyone else with quite a narrow and insular view of the natives of a country they decided to move to. Being the ant people they are, they also tend to devour and destroy things as per their nature.

I would like to see Chinatowns burned to the ground for this. Didn't have too positive of an experience at the one in San Francisco. Chinese immigrants are often the antithesis of American idealized immigration.
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#39
(12-17-2012, 05:04 PM)Fredledingue Wrote: Why should a country of 200 million have a output superior to a country of 1200 million?
We just got out of this anomaly.

No .. not exactly ... and we're over 300 million BTW ...
U.S. PPP (GDP per Capita) ... about $53,000
China PPP (GDP per Capita) ... about $7,000
... in other words ... on a per person basis, we are almost 8x more productive than the Chinese ... twice the GDP ... with a quarter of the population.

The chart only goes into 2011. China's manufacturing has been shrinking. Re-shoring to the U.S. has been accelerating in the interim. Mexico used to be the place to go or low cost manufacturing ... but wage competition increased sharply ... then manufacturers moved to China ... now Chinese wages are ramping ... and between the quality issues, logistics and a narrowing of the gap in production costs, there are a lot of companies returning operations to the U.S.. Shed the illegal restrictions by EPA and Dept. of Labor ... and the trickle will become a flood.

If China's economy was really expanding 'organically', stimulus would not be on the table now would it?

Take a peak at the trend ...
[Image: china-industrial-production.png?s=chvaioy&d2=20140913]
[Image: united-states-industrial-production.png?...2=20140915]
"Democracy is the theory that the common people know what they want and deserve to get it good and hard."
-- Henry Mencken
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#40
You would think with the proximity to the USA, that Mexico would have done better with USA "off shoring" in the last 3 decades instead of China. Just the logistics I would have thought would make China less of a competitor.
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