How the Chinese Grow Economy: Build Completely Empty Cities

Kassz007 · Nov 12, 2009

Quote from palenimbus:

It's a crap news channel.

Very, very thick anti-West bias.

noob_trad3r · Nov 12, 2009

The chinese save like 90% of what they make.

At least they are building stuff. What do we have to show? Our deficit keeps growing.

Kassz007 · Nov 12, 2009

Quote from noob_trad3r:

The chinese save like 90% of what they make.

This will have to change for them to resume long term growth. China can't expect the US consumer to be the only ones spending...

noob_trad3r · Nov 12, 2009

Quote from Kassz007:

This will have to change for them to resume long term growth. China can't expect the US consumer to be the only ones spending...

That is going to be very very difficult. Asians do not like to spend money period it is their nature. That is like trying to turn a Gay man straight

nltro · Nov 12, 2009

Quote from MohdSalleh:

ffs that's inner mongolia! who even goes there...

Who goes there? I have my shirts sent there to be pressed. Nothing like a good-old-fashoned Chineese laundry.

noob_trad3r · Nov 12, 2009

Asians unlike Americans are okay living in an apartment or modest home.

Its Americans who want everything big to impress. Which means lots of borrowing and spending.

ByLoSellHi · Nov 12, 2009

Quote from noob_trad3r:

Asians unlike Americans are okay living in an apartment or modest home.

Its Americans who want everything big to impress. Which means lots of borrowing and spending.

KINGOFSHORTS · Nov 12, 2009

Hopefully our Media Barrage aimed at the Asian youth will turn them as dumb as rocks on average and as willing to blow every cent on junk as our youth.

copa8 · Nov 12, 2009

Quote from noob_trad3r:

That is going to be very very difficult. Asians do not like to spend money period it is their nature. That is like trying to turn a Gay man straight

i think they save because there are no govt/public assistance programs (health, welfare, etc). also they do spend on important stuffs like education for their children.

RiceRocket · Nov 12, 2009

That's not true, France has huge government programs and a high savings rate.