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In what way? Growth? Of course a developing country that was a cliche to get American children to eat their lima beans only a couple decades ago can experience more growth than a wealthy one.
Do they have a higher standard of living? Greater GDP? Where is the kicking happening?
In what way? Growth? Of course a developing country that was a cliche to get American children to eat their lima beans only a couple decades ago can experience more growth than a wealthy one.
Do they have a higher standard of living? Greater GDP? Where is the kicking happening?
The shift in manufacturing of key components that our society requires to remain relevant becomes an Achilles heal to our survival. We rely on the Chinese to supply us with the most basic technologies we take for granted. Especially regarding our military, technology and utilities.
They make the equipment required to make things. We no longer have the edge on necessities for our day to day.
Their consumption of raw materials makes them the dominant customer to world resources.
Lack of debt gives them position on global contracts. We owe them, not the other way around.
The US gov't has mortgaged our resources to them, so that they will keep buying our debt.
In what way? Growth? Of course a developing country that was a cliche to get American children to eat their lima beans only a couple decades ago can experience more growth than a wealthy one.
Do they have a higher standard of living? Greater GDP? Where is the kicking happening?
I guess I look at it like a sports team. You can have one team that is first with a record of 30-10. You can have another that is last with a record of 10-30. However if the team that is in last has won the last 10 games straight, and the team that is in first has lost the last 10 games straight, it won't take long for the last place team to quickly overtake the first place team. China will pass us in terms of GDP output in 2015 by some estimates, which is the most often used metric for a countries standing.
Now, you can stick your head in the sand and pretend what is going on around you isn't happening, but it is hard to refute the fact that China is quickly taking on a large presence and is putting more resources toward becoming a dominant power. In the future, the US will be similar to the UK - they largely disappeared from the world stage when the US took over.
The shift in manufacturing of key components that our society requires to remain relevant becomes an Achilles heal to our survival. We rely on the Chinese to supply us with the most basic technologies we take for granted. Especially regarding our military, technology and utilities.
They make the equipment required to make things. We no longer have the edge on necessities for our day to day.
Their consumption of raw materials makes them the dominant customer to world resources.
Lack of debt gives them position on global contracts. We owe them, not the other way around.
The US gov't has mortgaged our resources to them, so that they will keep buying our debt.
You believe the Chinese are making parts that go on our military weapons? You think the U.S. depends on China for cutting edge technology? And I'd like to know what machinery is made in China used for anything other then hobby purposes. The Chinese are growing and advancing, but they are still a joke when it comes to quality. Only consumers will put up with their products breaking after 6 months of light use. Little different when your talking about fighter jets... Geez, Chinese steel can't even pass quality control, so they screw everything up right from the get go.
The Chinese have not been pushing the envelope on much of anything. More like stealing other's intellectual property and selling a poorly manufactured copy for pennies on the dollar. As long as stupid corporations keep feeding the beast, they will continue doing what they do best... Reverse engineering someone elses work and paying people a pittance to assemble the parts. This is why China can never lead the world in anything other than offering the cheapest garbage imaginable. Not saying they can't grow and advance, but they sure have not been showing any desire to lead the world. Communism has a funny way of removing the motive to go above and beyond. Not wise to question your superiors and offer better ideas and ways to do thing.
As far as I'm concerned, China is one big bubble that needs to hurry up and pop. A real cancer upon the world and the productive class in the western world.
this comes from having a 1 trick pony economy same as india. america could learn from them get out of the tourism biz asap and get back into domestic consumption industry. stop the insane EPA and the law suits that keep shutting biz down and offshoring our jobs. the green industry as not panned out no real job growth from it.
Last edited by Huckleberry3911948; 12-25-2011 at 09:52 PM..
You believe the Chinese are making parts that go on our military weapons? You think the U.S. depends on China for cutting edge technology? And I'd like to know what machinery is made in China used for anything other then hobby purposes. The Chinese are growing and advancing, but they are still a joke when it comes to quality. Only consumers will put up with their products breaking after 6 months of light use. Little different when your talking about fighter jets... Geez, Chinese steel can't even pass quality control, so they screw everything up right from the get go.
https://threatpost.com/en_us/blogs/c...oftware-061711
The holes - both heap-based buffer overflows - affect Web server components for the Force Control Version 6.1 and pNetPower Version 6 products. Both products are used in China and in Europe and the Americas, where they control critical infrastructure, such as networks of pipelines used in the petroleum and petrochemical fields, as well as in defense, transportation and the energy sector. According to the ICS-CERT bulletin, the vulnerabilities discovered by Beresford could be used by a remote attacker to perform a denial of service attack on systems running the software - essentially knocking it off line. They could also be used to run malicious code against the ForceControl and pNetPower server applications.
WASHINGTON (Reuters) - Two key U.S. senators blasted China for failing to control a flood of counterfeit parts installed on U.S. weapons systems, and said they planned to take action to address the widespread problem.
Senate Armed Services Committee Chairman Carl Levin said committee investigators identified about 1,800 cases involving one million counterfeit parts since 2009, and those numbers were "just the tip of the iceberg.
The Chinese have not been pushing the envelope on much of anything. More like stealing other's intellectual property and selling a poorly manufactured copy for pennies on the dollar.
I agree they sell crap, but the point is, WE ARE BUYING IT.
China has built a false economy of building for buildings sake in order to pacify Beijing's demands for high GDP growth. This is why China has nearly 50 million unsold housing units............all the construction helped make the economic data look rosey.
China is also very unique in the world....................it is the only developing nation facing a demographic time bomb. In the 1970s when China brought in the "one child policy" many say it as a neccesary evil. The issue now is that China's population is aging at an incredibly fast pace as the masses born before the law are beginning to retire and there are far too few young people taking their place.
This is unique in the developing world as nations with developing economies slowly start making the trasition from high to low birth rates due to longer educational years, more access to birth control, and greater economic and political emancipation of women.
China is going to be finding itself within 20 years of being a greying nation but one that does not have the high productivity and per capita income and wealth to support it's hundreds of millions of retirees.
China has built a false economy of building for buildings sake in order to pacify Beijing's demands for high GDP growth. This is why China has nearly 50 million unsold housing units............all the construction helped make the economic data look rosey.
China is also very unique in the world....................it is the only developing nation facing a demographic time bomb. In the 1970s when China brought in the "one child policy" many say it as a neccesary evil. The issue now is that China's population is aging at an incredibly fast pace as the masses born before the law are beginning to retire and there are far too few young people taking their place.
This is unique in the developing world as nations with developing economies slowly start making the trasition from high to low birth rates due to longer educational years, more access to birth control, and greater economic and political emancipation of women.
China is going to be finding itself within 20 years of being a greying nation but one that does not have the high productivity and per capita income and wealth to support it's hundreds of millions of retirees.
This.
I just don't think the China boosters are really understanding how much that country has suspended the basic laws of supply and demand in trying to juice their economy. To be honest, nobody really knows what the real economic numbers are there because they've been jiggered with by party officials. However, it is a cinch to know things are seriously askew when cities are being built from scratch to house millions but go unoccupied for years.
Further, everybody looks at the gaudy economic numbers and fail to see that the numbers are likely erroneous, if not outright fraudulent. What's more, those numbers are built upon the idea of cheap labor. When labor costs begin to increase, then the outsourced manufacturing moves elsewhere. Heck, I consult for two different large-sized companies that are already looking to move manufacturing to a different country or even move it back to the United States, simply because China's cheap labor advantage was ephemeral.
The reason the Chinese are so frantically trying to up their GDP is the demographic problem cited in this post. It is already becoming in a huge problem in a country where there is little personal saving and zero retirement system. This is about to become a huge problem.
I just don't think the China boosters are really understanding how much that country has suspended the basic laws of supply and demand in trying to juice their economy. To be honest, nobody really knows what the real economic numbers are there because they've been jiggered with by party officials. However, it is a cinch to know things are seriously askew when cities are being built from scratch to house millions but go unoccupied for years.
Further, everybody looks at the gaudy economic numbers and fail to see that the numbers are likely erroneous, if not outright fraudulent. What's more, those numbers are built upon the idea of cheap labor. When labor costs begin to increase, then the outsourced manufacturing moves elsewhere. Heck, I consult for two different large-sized companies that are already looking to move manufacturing to a different country or even move it back to the United States, simply because China's cheap labor advantage was ephemeral.
The reason the Chinese are so frantically trying to up their GDP is the demographic problem cited in this post. It is already becoming in a huge problem in a country where there is little personal saving and zero retirement system. This is about to become a huge problem.
Hold on a second homeboy.
You don't think that US government spending has "suspended the basic laws of supply and demand"?
By some estimates, virtually a third of US GDP is either tied directly into government spending or relies on government spending. Entire industries rely on US government spending for huge portions of their revenue; defense, health care, education, banking, etc.
China has approx 3.85 Trillion USD equivalent in reserves. There could be worse ways in spending it than on infrastructure. Since the global gold standard of the Bretton Woods system was finally killed off in the 70's, China's reserves are not backed by a solid currency such as gold. It's all in fiat currency (euro's, yen, sterling, and USD). If they don't use it, they may lose it.
China's numbers are no more fraudulent than ours or anyone else's. If everyone's numbers are fraudulent than they can be compared. We're all on a level playing field here as it relates to governments fudging economic data.
The shift in manufacturing of key components that our society requires to remain relevant becomes an Achilles heal to our survival. We rely on the Chinese to supply us with the most basic technologies we take for granted. Especially regarding our military, technology and utilities.
They make the equipment required to make things. We no longer have the edge on necessities for our day to day.
I don't believe this is true, do you have a source to back this up? And no, China making counterfeit parts doesn't indicate we are incapable of making the parts, it proves the opposite since they would be copying what we make.
Quote:
Their consumption of raw materials makes them the dominant customer to world resources.
Being more reliant on natural resources to function is not an advantage.
Quote:
Lack of debt gives them position on global contracts. We owe them, not the other way around.
Lack of debt? Pass me whatever you're smoking, there has been tons of press about the debt problems China faces because of their huge infrastructure ramp up.
The US gov't has mortgaged our resources to them, so that they will keep buying our debt.
The US has a much higher credit rating than China.
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