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Will China continue to outperform
- Thread starter trading1
- Start date
The HSI is actually for Hong Kong. close but not exactly the same thing.
china does not have:
an above market min wage,
OSHA
Juries
Unions
as wide spread of free health care like the US
Welfare
food stands
unemployment insurance
high income taxes in relation to the US
a socialist anti business anti wealthy leader.
--------
two parties that keep each other in check for waste and abuse so there is more of both in china
not IP rights so its hard to grow in that area
So which one do YOU think is going to outperform?
despite the problems China is pro business and pro wealth creation something that was lost during the 1930s and really sent out of favor with the "great society" along with our empire building on a credit card that we hope we never have to pay for
china does not have:
an above market min wage,
OSHA
Juries
Unions
as wide spread of free health care like the US
Welfare
food stands
unemployment insurance
high income taxes in relation to the US
a socialist anti business anti wealthy leader.
--------
two parties that keep each other in check for waste and abuse so there is more of both in china
not IP rights so its hard to grow in that area
So which one do YOU think is going to outperform?
despite the problems China is pro business and pro wealth creation something that was lost during the 1930s and really sent out of favor with the "great society" along with our empire building on a credit card that we hope we never have to pay for
addenum: too many lawyers,traders
too little engineers
the opinion poll should have given an option of the next 5 years etc. if not why not the next 3 months.
http://news.yahoo.com/s/bw/20090303/bs_bw/feb2009tc20090228990934
too little engineers
the opinion poll should have given an option of the next 5 years etc. if not why not the next 3 months.
http://news.yahoo.com/s/bw/20090303/bs_bw/feb2009tc20090228990934
Unlike the Mao years, China is not isolated no more. It is tightly connected to the rest of the world.
USA is the biggest country China ships its products to. Now with US being in a recession, consumer spending slow down, China's manufacturing is deeply affected. The raw material companies are affected because demand slows down. The booming industries are in the tourism (hotels) and local housing. Those are funded by money earned in the manufacturing businesses. Those would be slowed down too.
Besides, I am sure many Chinese financial firms had bought the toxic CDOs from Wall Street like many other countries (even Iceland) and they had big losses as well. That's why this round of market decline is so global. No country seems to be able to stand on its own. And... the Chinese holding of US bonds... interest is crap now. Many whammies..
This probably has delayed China's plan of selling its automobiles to the USA market (I heard that it was 2010 that they wanted to start).
USA is the biggest country China ships its products to. Now with US being in a recession, consumer spending slow down, China's manufacturing is deeply affected. The raw material companies are affected because demand slows down. The booming industries are in the tourism (hotels) and local housing. Those are funded by money earned in the manufacturing businesses. Those would be slowed down too.
Besides, I am sure many Chinese financial firms had bought the toxic CDOs from Wall Street like many other countries (even Iceland) and they had big losses as well. That's why this round of market decline is so global. No country seems to be able to stand on its own. And... the Chinese holding of US bonds... interest is crap now. Many whammies..
This probably has delayed China's plan of selling its automobiles to the USA market (I heard that it was 2010 that they wanted to start).
Quote from Bolimomo:
Unlike the Mao years, China is not isolated no more. It is tightly connected to the rest of the world.
USA is the biggest country China ships its products to. Now with US being in a recession, consumer spending slow down, China's manufacturing is deeply affected. The raw material companies are affected because demand slows down. The booming industries are in the tourism (hotels) and local housing. Those are funded by money earned in the manufacturing businesses. Those would be slowed down too.
Besides, I am sure many Chinese financial firms had bought the toxic CDOs from Wall Street like many other countries (even Iceland) and they had big losses as well. That's why this round of market decline is so global. No country seems to be able to stand on its own. And... the Chinese holding of US bonds... interest is crap now. Many whammies..
This probably has delayed China's plan of selling its automobiles to the USA market (I heard that it was 2010 that they wanted to start).
"Besides, I am sure many Chinese financial firms had bought the toxic CDOs from Wall Street like many other countries (even Iceland) and they had big losses as well."
just hearsay about toxic paper. it sounds like american propganda we are in this together etc. etc.
unless you believe the world is headed into the dark ages china will work its way out of america's and europe's downturn. coincidentally your remark came just as the shanghai index jumped six%