China Economy awesome USA blows

[Chukada1]

http://www.bjreview.com.cn/quotes/tx...ent_343801.htm

Through the rapid growth of exports to China, the United States has benefited from China's economic growth. The benefits can even be seen on a smaller level, as China is a top-five export market for 40 of the 50 U.S. states. In the past decade, U.S. manufacturing and agricultural exports to China have increased by 330 percent, while the exports to other countries and regions of the world have increased by just 29 percent.



China has become the United States' largest single overseas market for soybeans and cotton, and an important export market for cars and aircraft, as well as other mechanical and electrical products.
By the end of 2010, U.S. investment projects in China had numbered more than 59,000, with an actual input worth more than $65 billion. China has gradually become a profit center for U.S.-funded enterprises.

China is a super awesome economic genuis and America relies on China for its own growth because the American economy sucks.

[Big War Bird]

Most people think trade is mutually beneficial, then there is you.

[charles the hammer]

Is this thread serious? I mean the article doesnt seem to fall in line with his conclusion.

[mw2xboxplayer]

Correct, the Chinese economy is rapidly growing compared to the stumbling US economy. However, how long can China keep up this exponential growth until they too slow down and stagnate?

For those that are interested, an analysis on why China's economy is doing so well: http://onforb.es/jXDZna

-The general idea of the article is that China has had the potential for economic growth and all the factors (Previously inaccessible farmland, increased urbanization which increases the number of jobs/workers, an excellent education system and single political party) are now working in cohesion and creating the rapidly-growing Chinese economy seen today.

[Chukada1]

Correct, the Chinese economy is rapidly growing compared to the stumbling US economy. However, how long can China keep up this exponential growth until they too slow down and stagnate?

For those that are interested, an analysis on why China's economy is doing so well: http://onforb.es/jXDZna

The Chinese economic growth has slowed. Which is great news for all the Sino-phobes who want to reassure themselves that the Chinese will remain weak and inferior to the United States, but they dont realize that the economic growth slowing down is intentional. The PRC wants to lower Chinese growth figures as a cooling process to prevent overheating of the economy or "hyperinflation" as its called. China's economic growth is very sustainable because they still haven't tapped into the greatest consumer market on the planet. An untouched gem of 1.3 billion people with rapidly increasing pockets.

Meanwhile, the US is relying on China's consumer economy to fuel its own growth. Unfortunately because corporations no longer have borders, the people of the United States dont get to see any of that economic growth that is shared among the prosperous American corporations.

[ninman]

The Chinese economic growth has slowed. Which is great news for all the Sino-phobes who want to reassure themselves that the Chinese will remain weak and inferior to the United States, but they dont realize that the economic growth slowing down is intentional. The PRC wants to lower Chinese growth figures as a cooling process to prevent overheating of the economy or "hyperinflation" as its called. China's economic growth is very sustainable because they still haven't tapped into the greatest consumer market on the planet. An untouched gem of 1.3 billion people with rapidly increasing pockets.

Meanwhile, the US is relying on China's consumer economy to fuel its own growth. Unfortunately because corporations no longer have borders, the people of the United States dont get to see any of that economic growth that is shared among the prosperous American corporations.

There was me thinking that the cold war had ended.

[Chukada1]

There was me thinking that the cold war had ended.

Nice one liner. Afraid to post anything related to a fact or something? I remember you being all Anti-China until every single one of your points was disproven then you dissapeared. Did you talk to Aw Wei Wei yet, or did you find out what a Zhuang is?

[ninman]

Nice one liner. Afraid to post anything related to a fact or something? I remember you being all Anti-China until every single one of your points was disproven then you dissapeared. Did you talk to Aw Wei Wei yet, or did you find out what a Zhuang is?

Well it's interesting that what you're saying is that because rich western countries buy cheap crap from China, which in turn boosts the Chinese economy, is one of major reasons for their massive growth over the last 20 years or so that makes China better than the west, specifically, America.

If we didn't buy Chinese exports then how else would China experience the same level of growth that they have over the last 20 years?

[Count of Montesano]

A few years back, I read a Thomas Friedman column comparing China's economy to the runaway bus in the movie Speed. The only way China can keep from spiralling into social chaos is to keep growth artificially high so that there are enough jobs for the giant population. That's the only reason the Chinese people haven't already risen up against a rather brutal totalitarian government. If the economic "bus" falls below 55 mph, the whole thing explodes. Of course, eventually you run out of gas.

And if you're going to criticize American corporations, then you also have to reconcile the fact that Chinese workers often see even fewer rewards for their hard work than their American counterparts.

[ninman]

A few years back, I read a Thomas Friedman column comparing China's economy to the runaway bus in the movie Speed. The only way China can keep from spiralling into social chaos is to keep growth artificially high so that there are enough jobs for the giant population. That's the only reason the Chinese people haven't already risen up against a rather brutal totalitarian government. If the economic "bus" falls below 55 mph, the whole thing explodes. Of course, eventually you run out of gas.

And if you're going to criticize American corporations, then you also have to reconcile the fact that Chinese workers often see even fewer rewards for their hard work than their American counterparts.

The signs are all there. Whole cities lying empty, massive building construction and nobody moving in. The signs are definitely there, it's only a matter of time....

[Rolling Thunder]

The PRC wants to lower Chinese growth figures as a cooling process to prevent overheating of the economy or "hyperinflation" as its called.

Either you, the PRC, or both of you, have just failed economics.

[Chukada1]

Either you, the PRC, or both of you, have just failed economics.

Lol, wtf you don't even know what you are talking about.

It is standard procedure to slow down growth to prevent an economy from overheating, to avoid massive uncontrollable inflation.

What Does Overheated Economy Mean?
When a prolonged period of good economic growth and activity causes high levels of inflation (from increased consumer wealth) and inefficient supply allocations as producers overproduce and create excess production capacity in an attempt to capitalize on the high levels of wealth. Unfortunately, these inefficiencies and inflation will eventually hinder the economy's growth and cause a recession.

http://www.investopedia.com/terms/o/...ed_economy.asp

You learn this in like the first day of school. Its a footnote.

[Rolling Thunder]

Lol, wtf you don't even know what you are talking about.

It is standard procedure to slow down growth to prevent an economy from overheating, to avoid massive uncontrollable inflation.

http://www.investopedia.com/terms/o/...ed_economy.asp

You learn this in like the first day of school. Its a footnote.

And as anyone else would have known, hyperinflation is inflation in excess of over 26% per anum [or 100% over a three year period], usually caused by a government artificially expanding the money supply to ridiculous levels for political ends, and has bugger-all to do with the Chinese economy. Hurrr, hurr, hurrr.

[Ancient Aliens]

Correct, the Chinese economy is rapidly growing compared to the stumbling US economy. However, how long can China keep up this exponential growth until they too slow down and stagnate?

For those that are interested, an analysis on why China's economy is doing so well: http://onforb.es/jXDZna

-The general idea of the article is that China has had the potential for economic growth and all the factors (Previously inaccessible farmland, increased urbanization which increases the number of jobs/workers, an excellent education system and single political party) are now working in cohesion and creating the rapidly-growing Chinese economy seen today.

Great post. To remind the posters on this forum, the exact same thing was said about Taiwan and Japan at different periods.

As an aside, was anyone else initially attracted to this post purely because of the Engrish title?

[Gelgoog]

<insert penis comment for penis waving thread>

[Mr. Scott]

The idiocy in the OP is enough to not even bother looking through the thread.

I wonder how long this thread will last. I'll check and see if its still here in the morning

[ninman]

Spoiler Alert, click show to read: 

[Mr. Scott]

China is a super awesome economic genuis and America relies on China for its own growth because the American economy sucks.

Says the canadian

na it isn't that bad.

http://www.economist.com/research/articlesBySubject/displaystory.cfm?subjectid=478048&story_id=18396286

the problem for US wasn't vacancy. It was foreclosures cooupled with how those mortgages were packaged into financial nuclear weapons, which dragged down several big firms and mortally wounded others. Chinese mortgage markets are incredibly tightly regulated. Banks are state-owned. Empty apartments will sit there, price will drop and people will buy them eventually. The good signs are that even with exporting being flat, china maintained its growth with domestic demands. That's a good sign of china's economy taking advantage of its own gigantic markets. That's a far more sustainiable way to grow than relying on exports.

Chinese domestic consumption is miniscule. As I mentioned in another thread, the UK consumes more.

Given China's massive exports and its reliance on them, China's internal market is not going to replace foreign markets. Not to mention that as a % of GDP its still declining (sourced in another thread)

It is fairly bad. China's recent economic model discourages consumption, in favor of infrastructure development. The problem, as mentioned earlier, is that much of this infrastructure development is pointless. But as long as it shows up as a happy % sign then the provincial adminstration doesn't care.
China's market is vast in terms of # of customers. In actual monetary value, its pitiful.

[The excited one]

Chukada1 will be so please with the peace loving tanks roaming through the streets and feel dissapointed since the tank actually don't crush the man in front of it ohhhhhhh sad (oh wait a minute Chukada1 don't know what is the picture is all about anyway in the first place and when it was happening oh well i guess most of us in the forum will know what it meant EXCEPT Chukada1 will get know what this joke is about..... AHAHAHAH)

p.s nice pic ninman

China is a super awesome economic genuis and America relies on China for its own growth because the American economy sucks.

btw are you one of those patriotic chinese from mainland china or sth you seriously sounds like one due to the fact that you might love the cultural revolution, chairman mao etc (wait a minute you might not know what is cultural revolution mean heres a website http://en.wikipedia.org/wiki/Cultural_Revolution oh wait due to the patriotic censorships to protect your young mind and bodies this webiste might be ban already) oh well looks like you have to get use to the info of what the people loving government gives to you then AHAHAH!!!!!

p.s you sound like one of those people who thinks china is awesome in every perspective and also do you actually understand the article???? its about trade between two countries getting closer not like china is trading with the US becasue they are poor, or sth it benefits both countries not like giving out money to the poor you still need to remember that the US is still 2-3 times bigger than china economically at this moment and had a well off population by chinese standards

2. how is china's economy in trouble? 8+% growth is trouble? are you insane? what do you call Japan, Greece, and even US? downright to hell?

do you know there is a property bubble in china right now?????? http://en.wikipedia.org/wiki/Chinese_property_bubble at least the government try to contain it which seems to have work.......... time will tell will their poplicy actually suceed in controlling the bubble

[Mr. Scott]

Chukada1 will be so please with the peace loving tanks roaming through the streets and feel dissapointed since the tank actually don't crush the man in front of it ohhhhhhh sad (oh wait a minute Chukada1 don't know what is the picture is all about anyway in the first place and when it was happening oh well i guess most of us in the forum will know what it meant EXCEPT Chukada1 will get know what this joke is about..... AHAHAHAH)

p.s nice pic ninman



btw are you one of those patriotic chinese from mainland china or sth you seriously sounds like one due to the fact that you might love the cultural revolution, chairman mao etc (wait a minute you might not know what is cultural revolution mean heres a website http://en.wikipedia.org/wiki/Cultural_Revolution oh wait due to the patriotic censorships to protect your young mind and bodies this webiste might be ban already) oh well looks like you have to get use to the info of what the people loving government gives to you then AHAHAH!!!!!

p.s you sound like one of those people who thinks china is awesome in every perspective and also do you actually understand the article???? its about trade between two countries getting closer not like china is trading with the US becasue they are poor, or sth it benefits both countries not like giving out money to the poor you still need to remember that the US is still 2-3 times bigger than china economically at this moment and had a well off population by chinese standards

He's more canadian than chinese. I don't understand why he's so nationalistic about China, especially considering he's half and doesn't live there.
Yeah, I'm half korean, but I don't go waving a korean flag on my front lawn...