Are tales of China's recovery mostly hot air?

Well, the good thing about this crisis is in a few years we can finally answer the ultimate question:

Should governments stimulate the economy during a downturn or not?

This must be the biggest stimulus bonanza in human history.

The only ones lagging is Western europe according to the IMF.

They should ramp up the stimulus if they too want to recover fast.
 
Quote from pepper_john:

This just shows your ignorance. China invented the paper, the compass, the powder, and printing.
More...

They did nothing with it. No history of innovation.
 
Most americans cannot afford the stuff they buy, too, without the help of credit cards and bank loans.

The difference is, China is headed in the right direction while the US is going the opposite.

Quote from libertad:

Hitting on the key points....

China is not unlike the Caribbean....

Where none of the locals can afford to rent a hotel room on their own beaches....

Few Chinese can afford their own products....that THEY manufacture....

Too few people in the room can raise their hand ....

Can make...

Cannot buy....

........................................................

So the question becomes what's the number....

To replace the non-Chinese demand that has been lost....how do their numbers have to change....and how can this happen....if their major tool is no longer in the toolbox....?
More...
 
umm, and during the LAST 450 years?

----------------------------------------

they have been discuraged to innovate as I know. Some kind of equivalent to middleages in EU.

We'll see soon if they lost the touch. Bu I think you should prepare for a surprise. Just think Koreans, Japs, Taiwan, HK which are all same genes, heh.
 
Saw an episode on Current about "China's Unemployment"..

Highlighted 35 Million who'd lost their jobs.

A couple who both worked to make about 1000 RMB/mo between them (About $140). But it cost 950 RMB to have their kids in school in the city while they worked.

If those with "jobs" are the new middle class, what can they afford to buy? Without Western markets to buy the stuff they make, aren't they're still up a creek?
 
Quote from austrijec:

umm, and during the LAST 450 years?

----------------------------------------

they have been discuraged to innovate as I know. Some kind of equivalent to middleages in EU.

We'll see soon if they lost the touch. Bu I think you should prepare for a surprise. Just think Koreans, Japs, Taiwan, HK which are all same genes, heh.
More...

Using that logic, we would expect italians in rome to return to greatness and greeks to rise up to world domination once more. Neither of which will ever happen. (I know people who populate modern italy are not romans but the city is still rome nonetheless)

What Chinese did a long time ago is irrelevant. Right now china is hopelessly overpopulated and has polluted its environment. It also has ambitions of world domination but is backward in critical respects.

Watching Beijing olympics in 2008 calmed me down even more. Let's hope china will stay the world's sweatshop forever.
 
You must log in or register to reply here.
Back
Top