Your only recourse - Learn Mandarin (unemployed, wages, downturn, companies)
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So you can speak to and translate for your masters.
if you get to know a little about China's and The US' monetary positions, China’s burgeoning economic power becomes quite unsettling. Because the fact is, Beijing has become so powerful, it can now dictate economic policy to the U.S.
>> The Beijing government has almost no debt ...
>> But Washington has nearly $145 trillion in debt and obligations.
** China has $3.2 trillion in cash — and its cash reserves are growing ever larger, month after month ...
** But Washington has almost no cash on hand and has to borrow nearly half of every dollar it spends — much of it is borrowed from China.
>> China’s total tax revenues are up nearly 30% from a year ago ...
>> But Washington’s tax revenues are dramatically down due to the sluggish U.S. economy.
** The U.S. has about 160 million workers ...
** China has 810 million workers — more than 5 times more than the United States.
>> 97% of all Chinese workers are employed ...
>> But 14 million U.S. workers are either unemployed or underemployed.
** In China’s urban areas, wages ROSE 7.6% in 2011 — and the increase was about double that in rural areas.
** Meanwhile, inflation-adjusted wages for U.S. workers dropped 1.7%.
The investment facts are even more startling:
Securities valued at more than $6 trillion trade on Chinese exchanges every day and that number is growing by leaps and bounds.
China enjoys the largest foreign capital inflows of any nation on Earth, surpassing the United States as the world's favorite place to invest.
China is now the world’s #1 mine operator ... its #1 car maker ... its #1 manufacturer ... its #1 exporter.
The fact is when ya owe someone a few trillion ya got them by the balls more than they got you. The aging demographics of China is a huge problem for them.
Ted Bundy thought that this was a good idea in the late 1960's. He even got a scholarship to study Mandarin at Stanford University. Unfortunately for him - his studies(with maybe the exception of psychology and law) were not very useful in the Utah, Colorado, and Florida prison systems.
We should allow our companies to transfer more technology to them and also allow them to raise import tariffs even higher, subsidize then dump more goods here hopefully killing a few more key industries in the US and continue affording them unfettered tariff free access to US markets. Protectionism is bad, it doesn't work. As you can see the high level of economic protectionism in China is hurting them a lot..We can not afford to follow their path.
The OPs posting history is a bit dubious, but this is a good topic.
The same was said about Japan in the 80's - taking over the world economically. And then the 90's saw their economically lost decade. China is an economic world power for sure, but things change, no need to overreact with a prediction that China will rule the world. When I was in China a few months ago I saw an extremely modern country, I also saw the first evidence of a downturn - empty buidlings, empty offices. Their economy is slowing down and they to will ebb and equalize.
And language? I would be more alarmed if Chinese are learning to speak english, forget us learning Mandarin, as English has and is the language of business globally (for those of you ignorant of international business)...and they are learning english in droves. In contrast to my above paragraph - that's a sign that China as an economic powerhouse is here to stay for the long run.
We should allow our companies to transfer more technology to them and also allow them to raise import tariffs even higher, subsidize then dump more goods here hopefully killing a few more key industries in the US and continue affording them unfettered tariff free access to US markets. Protectionism is bad, it doesn't work. As you can see the high level of economic protectionism in China is hurting them a lot..We can not afford to follow their path.
I suggest you research to understand under what agreement(s) the Chinese allow American companies to do business there...
If an American company does business in China they MUST share their technology with them...
Also note that China is losing jobs to other Asian countries because their workers are starting to act like American workers, they want higher pay and shorter work hours...
My only recourse is to hope this country doesn't get any more socialist than it already is....
The OPs posting history is a bit dubious, but this is a good topic.
The same was said about Japan in the 80's - taking over the world economically. And then the 90's saw their economically lost decade. China is an economic world power for sure, but things change, no need to overreact with a prediction that China will rule the world. When I was in China a few months ago I saw an extremely modern country, I also saw the first evidence of a downturn - empty buidlings, empty offices. Their economy is slowing down and they to will ebb and equalize.
And language? I would be more alarmed if Chinese are learning to speak english, forget us learning Mandarin, as English has and is the language of business globally (for those of you ignorant of international business)...and they are learning english in droves. In contrast to my above paragraph - that's a sign that China as an economic powerhouse is here to stay for the long run.
Thats funny because you just described many small towns in the mid-south. Strip malls and commercial real estate keeps being built, but is vacant because small businesses dont exist to lease the property. Ghost malls are more and more evident, as are ghost towns.
A downturn in the US is cheerfully ignored by some. The OP has some good points.
The entire initial post is blatantly agenda driven data twisting.
Quote:
Originally Posted by SCGranny
** China has 810 million workers — more than 5 times more than the United States.
Simple facts like this spoken in a vacuum mean nothing. Bangladesh has more workers than Switzerland. Pakistan has more workers than Germany.
Quote:
Originally Posted by SCGranny
>> 97% of all Chinese workers are employed ...
>> But 14 million U.S. workers are either unemployed or underemployed.
Hah that is pretty funny apples to oranges trick for dramatic effect. Use percentage from one country, total in another. One could also say by official numbers 92% of American workers are employed, but that doesn't sound nearly as good in comparison to China's 96%.
Quote:
Originally Posted by SCGranny
** In China’s urban areas, wages ROSE 7.6% in 2011 — and the increase was about double that in rural areas.
** Meanwhile, inflation-adjusted wages for U.S. workers dropped 1.7%.
Again apples, oranges. Wages of urban areas in China vs. inflation adjusted wages for all of US. No reason to compare different data points than to mislead, what rubbish.
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