By: akdoc1
18/11/2009
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jacobsbiship; I agree China has changed a lot, however Shanghai the sinking city reflects the mentality that will pull China down.
http://www.smh.com.au/articles/2003/10/06/10652925 28006.html?from=storyrhs
Shanghai is not the only sinking city in the world, Jakarta, San Fransico, Mexico City, Venice are all sinking but the builders of Shanghai still went ahead and built massive buildings on a swampland to make a fast buck without caring about the people who live and work there. |
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By: jacobsbishop
18/11/2009
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Having said that... i agree that many parts of china still has alot of corrupt officials. But things are slowly changing for the better here!
I have not paid anyone off to officials and even met some government officials who are even unwilling to accept even two bottles of normal red wine as gifts during Christmas period... things are changing for the better in terms of corruption... at least more evident in Beijing and Shanghai than in some other parts of China... but for 1.3billion people... this is good for all of us...
On the otherhand... who said that there are no corruption elsewhere in the world... the Madoff for one is a scandal of corruptions! |
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By: jacobsbishop
18/11/2009
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To CommunistEvil and all those who disagree with what i said about China... need ask no further... take a trip to Shanghai and Beijing and u will see the number of brands of manufacturers in this country. What u will also see if you still do not know... that China manufacturers are building commercial airplanes now...in another 3 years, there will be 3 major plane manufacturers... Boeing from America, Airbus (a partnership of France, Germany, Spain and Britain now) and China.
That's what i mean that China is growing bigger and stronger. The wise will want to grow with it and prosper from it.
I was having dinner with some business owners from Australia, Canada and some parts of Europe and we are seeing what changes that they never can imagine in their own country happening in just Shanghai alone...
Have u seen a 35km bridge expressway that runs across the Ocean?
Have u thought of building on a pile of sand build up from a build-up of sand and soft soil accumulated over thousands of years from the ocean with buildings that are more than 100 storeys high and that needs to pile below the ground of more than 200metres?
Make a trip to China and it will be an eye opening to all who thinks otherwise. I thought otherwise before i arrived here.
To some who may think that cost of labour is the most important in accessing the setting up of a production facility... my answer to u is NO!
You look at culture, security and ease of trade.
Culture: You must know this well if u set up a factory in Indonesia or Malaysia, we must respect their religion and culture that they have prayer times on Friday and during festive occassions they are less able to work well. So if your peak sales period are during their festive occassions... think again.
Security: If Africa or South Africa is cheap, but it is dangerous to work in that country... which CEO will want to be stationed there and have to worry that tomorrow may not come
If there are no good ports or transport.. |
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By: qitulong
17/11/2009
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| Africa not going to ever be place for support of economic recovery. Only place of fighting and savages even sell their grandmother for 50c. Best thing to do with that continenet is leave it to itself. It dont bother us and it just destroy itself with no problem to otehr country. |
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By: qitulong
17/11/2009
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| Mr. lasty49! I sorry to say this because before I see you posting some interesting things. But now seems to me you just post silly jokes about other people contribute here on these BLOGs. Why you do it. Maybe you think it clever make fun of others. I no think so! I think this world be happier and more nicer place if everyone think about others feeling before they try to make joke. My old friend tell me once. Good joke is joke everyone laugh at. Bad joke is joke make even one person sad. I hope you not make Mr. Communistevil sad because it not need to do it. It OK to disgaree but not OK make fun of person for their say something even you think funny or not. Anyway. I hope you post more thing is interesting again and not try to get cheap laugh at persons. |
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By: lasty49
17/11/2009
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Ang
You're on the right track their with Africa.
The UN has our dollars insight there from their climate tax scam.
How ironic though.they wants us reduce our emissions so they can create some more elsewhere. |
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By: ang101000
17/11/2009
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Jade,
Capital has a habit of moving to the lowest cost manufacturing place on earth.
Who's next, Africa? |
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By: ang101000
17/11/2009
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'The annual Household Food Security report, released on Monday, showed that in 2008, families in 17 million households - 14.6 per cent of US homes - had difficulty putting enough food on the table at some point during the year, an 11 per cent increase over 2007.'
That will solve the huge obesity problem and save on health care costs. |
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By: jadeshangrila
17/11/2009
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| You are absolutely right. Many factories in China are own and operated by Westerners. From cars to aeroplanes to computers to broom sticks to just about anything. Only a small minded person wouldn't have the capacity to understand that. Nobody here will put their hands up to work for 50cents an hour. They tried it in Eastern Europe and latin and the unions push up their wages nobody in the world could work for so little and have a culture of manufacturing than the Asians. It was jep an before than Malaysia and Indonesia and now China and next Vietnam and Cambodia and India? People in Western countries want to work smart and not hard for peanuts. thats labelled as exploitation. We have full emplotyment here and only people with issues cannot find work and are better paid to stay at home. |
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By: lasty49
17/11/2009
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Communistevil,
I think we need Rudd to bring in the ETS as you appear to be inhaling to much CO2 |
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By: communistevil
17/11/2009
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Do not sell our childrens future to the Chinese Communists!
Say NO to the evil and corrupt government of the P.R. of China.
Say YES! to FREEDOM. Say YES & feel proud! |
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By: communistevil
17/11/2009
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lasty49
The US is a good trading partner both in good times and bad and is certainly not ruled by "an evil and corrupt government who seek not to make this a better world for all but who instead seek to control and manipulate any and all who are foolish enough to believe that they are good trading partners."
As for Coles and Woolworths. More power to them. They contribute greatly to our society in many ways and do not seek to rule. Only to profit while providing employment. |
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By: communistevil
17/11/2009
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We all need to pay special attention to the facts.
The economy of the P.R. of China grew rapidly as a result of the demand for cheap goods from the WEST, (for the most part from North America).
When the economic downturn ocurred late last year and continued into this year, that demand dried up.
Realising the economic situation was indeed terrible and that the resultant social instability might threaten their ability to maintain law and order and so maintain CONTROL, the evil and corrupt government of the P.R. of China imediately implemented measures to shore up their economy so as to ensure that it woudl not collapse completely and their country be thrown into total and utter social disorder.
THEY do not have enough money to prevent the inevitable. There is a limit! And that limit shall soon be reached.
And when it is reached.. When no more money is available to prevent the natural forces to proceed in the manner which they seek to..
The total and utter collapse of the economy of the P. R. of China shall occur and with it the economies of those foolish countries which have come to be reliant upon it for their own economic survival! |
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By: lasty49
17/11/2009
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"Nations rulled by evil and corrupt governments who seek not to make this a better world for all but who instead seek to control and manipulate any and all who are foolish enough to believe that they are good trading partners."
Who's that the US,Coles or Woolworths. |
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By: communistevil
17/11/2009
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| There are some who seek to convince us that we have no choice but to march into the future alongside the likes of the P.R. of China. Nations rulled by evil and corrupt governments who seek not to make this a better world for all but who instead seek to control and manipulate any and all who are foolish enough to believe that they are good trading partners. |
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By: mentawaisurf
17/11/2009
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Unfortunately Lasty, what you describe are the warning signs of a trend towards deflationary depression. While it will effect different countries to different degrees, it will nevertheless be global (more so than the last Great Depression due to financial and trade globalisation and technology (eg. rapid media and instant global trading)). Yet too many people remain either completely unaware or remarkably complacent of these unfolding events (as evidenced by the historic bear-market rally in global stock markets).
"Hope is the worst of evils, for it prolongs the torments of man." Nietzsche. |
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By: lasty49
17/11/2009
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Menta,
The concern is not what America thinks about China but the other way around.
Obama is trying to get his nose into the region knowing its a growth area.
The US commentators point out about civil unrest in China and people going withou however if they look in their own backyard they will find a similar message.
"More American families are having difficulty feeding their members, according to bleak new figures from the US Agriculture Department.
The annual Household Food Security report, released on Monday, showed that in 2008, families in 17 million households - 14.6 per cent of US homes - had difficulty putting enough food on the table at some point during the year, an 11 per cent increase over 2007."
I wonder who will have a civil war first? |
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By: jadeshangrila
17/11/2009
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| Deflation in Jepan has been the result of the following factors.1) competition with other manufacturing nation like China with cheaper labour cost leading to deflation in product prices, higher unemployment, lower investment in manufacturing, lower wage rise, lower company profits leading to restriction in credit and ability to invest thus leading to deflation. The opposite will cause inflation in Jepan, increase production cost in China leading to more competitive export in Jepan, leading to increase in mnaufacturing, increase in employment, increase in investment and increase in wages leading to increase in investment and inflation in wealth asset prices. |
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By: jadeshangrila
17/11/2009
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| There are factors that lead to deflation and factors that lead to inflation of wealth assets in America. Factors that lead to deflation in wealth assets are ones that affect consumer's ability to invest after consumption like like inflation in prices of consumer goods, rise in interest rates, credit restriction, rise in petrol price, fall in the USD leading to inflation in imported goods and of course unemployment. Factors that lead to inflation in wealth asset prices are the following- rise in the USD lowing import prices, fall in crude oil prices, lowering of interest rates, free flowing credit, full employment, cheap chinese made consumer goods and good crop harvest from good rain fall. Basically deflation of consumer goods, energy and food prices and rise in employment will lead to prosperity or rise in wealth asset prices. Debt deflation is the symptom and not the cause Menta as you should know by now. |
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By: mentawaisurf
17/11/2009
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Q: Will the deflation wave swamp financial markets worldwide or do the economies of China & India have reason to breathe easy?
Deflation will swamp all financial markets. The US and Europe owe the most, so their economies will suffer the most. But creditor nations, such as China, will lose out too, because they won't get fully paid.
Q: What is your China call? Does all this talk of it replacing the United States as the world's greatest economic power make any sense to you?
I've been saying for years that China will be a leader, probably the main leader, in the 21st century. But first China has to get past Supercycle wave 2, which has now started. This is the wave that led to the Civil War in the US. After some equivalent difficulty, China should emerge as the main world power. But this scenario will take decades to play out.
Q: Are you implying that there could be civil unrest or even a civil war in China?
We cannot predict something quite that specific. But we can certainly say that tensions within China are likely to grow substantially. You just used the phrase civil unrest. I think we can predict that with near certainty, but exactly the form of that unrest whether it actually goes as far as a civil war is rather doubtful. I think China's wave structure is equivalent to where the United States wave structure was in 1835-37, that was the peak of its first wave up of supercycle degree. The US corrected from 1835 to 1859 that was two decades, China maybe entering something much like that. So the amount of time for wave 2 could be a very swift decline lasting 5- 10 years, or it can be a sideways formation lasting three decades, we just don't know yet.
(Bob Prechter in the August 2009 interview with Outlook Profit). |
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By: akdoc1
17/11/2009
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jacobsbishop
2.) About 80% of the countries population are still poorly educated or have little self respect for themselves. Where did you find this elitist cr@p . One minute your extolling their wealth next admitting they can't afford to school their children, then saying they have no respect for themselves? Sit down and work out wealth per head of population and it is obvious why they could go broke at any time. As for the "top" 500 corporations paying taxes the Chinese Government were just complaining last month about even state run business not paying taxes. |
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By: communistevil
17/11/2009
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What a lot of rubbish you are attempting to fill our minds with jacobsbishop!
ALL economic data provided by the evil & corrupt government of the P. R. of China is filled with gross exagerations and outright non-truths. As such, it is worthless.
Since theirs is the ONLY locally sourced economic data available upon which to base an opinion of the economic strength of that nation we can hardly believe anyone who quotes it.
The fact is that the evil and corrupt government of the P.R. of China is pouring billions of USD into its own economy so as to prevent it from collapse.
A collapse which would undoubtedly threaten their ability to maintain tight control of the population and so remain in power.
Accordingly, the selfish and cruel power thirsty freaks who present themselves as the government of the evil and corrupt P.R. of China have little choice but to spend, spend, spend on their own industries so as to support them whilst flooding the press with false economic data to give the impressio that things are far better than they realy are and pray for "the GLIMMER" of a real recovery to appear.
REVOLUTION is a realpossibility lest their be a REAL and significant upturn in their real economy. One which shall facilitate a better way of life for the millions of people who inhabit the country.
Harken ye not to the economic lies of the CENTRAL KINGDOM! |
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By: jacobsbishop
16/11/2009
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Dear All,
China is one of those few countries in the world that is not in debt but has the largest foreign reserves in the Trillions of USD. America on the other hand is the country with the largest debt in the trillions of USD. If China runs out of reserves (which i see it as quite impossible in the next 10 years as the top 500 corporations pay taxes to the Chinese Government in the billions of USD each year), it will just start issuing governement bonds, etc ... just like alot of other developed countries.
This financial crisis manifested itself because the world on a whole is too reliant on the US Banking system which is the oldest and longest in the world. There are problems in this system which is why Europe and the Russians are trying to encourage other countries to move away OR at least adopt a less reliant approach to the US Financial System. It is not an easy task but one need to try or another similar financial crisis of this scale or larger will happen in the next crisis...
For those who still do not know... since early 2008, China has stopped giving incentives to foreign companies to set up offices in China. What does this mean? It means that their local companies have grown big enough to set up similar stores like any others. BUT, still alot of foreign companies still want to set up offices and factories in China... why... because the numbers are big if the business runs and competes well in this country!
What is China not doing well?
1.) Legal systems is still only 80% refined ... hence alot for improvement!
2.) About 80% of the countries population are still poorly educated or have little self respect for themselves. This will take another 50 - 100 years to become where Australia is now... but we are talking about 1.3billion population against 21million people!
3.) 70% of the inner cities are still poorly developed ... even though 5% of these people are very rich... rich enough to open a bottle of AUD1,000 Lafite every month! |
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By: ang101000
16/11/2009
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Menta,
'China's foreign reserves will run out long before any sustainable recovery is in sight.'
The current reserve is enough for 18 months worth of sustained govt intervention. Not to mention, China's balance of trade is still positive, hence the reserve will decrease slowly, but not run out! |
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By: jacobsbishop
16/11/2009
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Dear All who wrote,
I am a Singaporean who has migrated to Australia and who now have a business selling red wine in Shanghai, China. ... for the last 3 years.
Alot of government departments who deals with trade and foreign affairs will know much better how much China has contributed to growth in the global economies.
First: China and Economies
China today is not the same as China 20 or 10 years ago. It has grown strong... it is the country with the largest foreign reserves. To be where it is and maintain or grow, their intentions are the same as those countries who want growth and wealth for their own nations. Ask your fellow Australians who has sold raw materials or exported wine, beef and seafood to China. They will tell u that the chinese is their pay-check for their company. They may also tell u that some of those Australian companies that were selling very well to European and American companies are failing as these economies have been in very bad shape over the last 3 years. If China has not invested heavily on property and their infrastructures which requires alot of raw materials, Australia would have become a part of this Financial Crisis! Instead, we see wealth in many parts of the Australian country, especially in exports to china and the local property markets.
Second: History Books
If we are to check our history books for the last 100 - 3000 years of China, Russian, *** anese, European and American History... China is the least ferocious... They never fight beyond their land...We know who has tried to conquer the world in both World War 1 & 2. China has on the otherhand only been trying to fight to save their own land from being invaded... which we see Hong Kong (British Colony)and Macau (Portuguese) being returned to China in 1997 and 1998.
Manufacturing:
China has now has nearly all brands of car manufactuerers investing factories in China... includes Audi, BMW, Kia, Honda, Toyota, Hyundai, Mercedes Benze, Volkswagen ... |
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