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Is China actually bankrupt?
- Thread starter bearice
- Start date
Quote from bearice:
Is India also a big bubble?.
NO
Indian economy is NOT dependent on exports.
Exports = $165 billion
Imports = $253 billion
https://www.cia.gov/library/publications/the-world-factbook/geos/in.html
And check Chinese economy
Exports = $1.194 trillion
Imports = $921 billion
https://www.cia.gov/library/publications/the-world-factbook/geos/ch.html
Quote from jagadish:
NO
Indian economy is NOT dependent on exports.
Exports = $165 billion
Imports = $253 billion
https://www.cia.gov/library/publications/the-world-factbook/geos/in.html
And check Chinese economy
Exports = $1.194 trillion
Imports = $921 billion
https://www.cia.gov/library/publications/the-world-factbook/geos/ch.html
you just proved that indian and economy cannot be used in the same sentence
China is in trouble because of a deadly sin it has commited, the deadliest of all : Pride.
http://en.wikipedia.org/wiki/Seven_deadly_sins#Pride
When Chinese officials speak they appear like they are in charge of world economy. They forget that they put 11 year olds to work for 1 buck a day to produce cheap products so they can entice Westerners to buy them and they depend on that influx of money to keep their economy going and, more importantly, the currency they get they can only invest it back in the nations it was printed or around them.
China, is in trouble because they think they are something they are not. What they are is a cheap labor producer and nothing more.
http://en.wikipedia.org/wiki/Seven_deadly_sins#Pride
When Chinese officials speak they appear like they are in charge of world economy. They forget that they put 11 year olds to work for 1 buck a day to produce cheap products so they can entice Westerners to buy them and they depend on that influx of money to keep their economy going and, more importantly, the currency they get they can only invest it back in the nations it was printed or around them.
China, is in trouble because they think they are something they are not. What they are is a cheap labor producer and nothing more.
Quote from bearice:
India is a minor compared to China in terms of exports.
Why India Maintains Sense of Optimism and Growth?
http://www.nytimes.com/2009/03/02/business/worldbusiness/02rupee.html
Severe drought is hitting China's south-west region and in some places it is the worst drought for a century.
More than 60 million people are affected and it is estimated that billions of dollars worth of crops are now ruined.
http://news.bbc.co.uk/2/hi/8587516.stm
More than 60 million people are affected and it is estimated that billions of dollars worth of crops are now ruined.
http://news.bbc.co.uk/2/hi/8587516.stm
China is taking full advantage of its deplorable human rights. That's all they got. That and stealing technology. If they had any inventor, scientist, businessman worth his salt... he would be on his way here. You know that toy you always wanted for Christmas but your mom got some cheap weird knock off? That weird knock off is China. They copy what they can understand in the cheapest way possible.