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Is China a Savior?

Posted March 16, 2009 7:21 AM

Amid the economic gloom, China is using its big cash reserves to invest in itself. It is spending 15% of its GDP to develop itself as a consumer-oriented society. Percentage-wise, that's three times as much as the U.S. is spending in its own economic stimulus package. But is a stronger China good for the rest of the world? Will it increase the competitiveness of this vast economy, or restrict competitive opportunity globally?

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Guru
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#1

Re: Is China a Savior?

03/16/2009 2:55 PM

No, just dictating our (the USA) policies. . . . .thats all.

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Anonymous Poster
#2

Re: Is China a Savior?

03/17/2009 10:59 AM

A savior? Hell, any country with unlimited slave labor can do what China has done, flood the world with cheap poorly made junk. That is not saving the world, that is stealing from the world on the backs of an oppressed labor force.

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Anonymous Poster
#3

Re: Is China a Savior?

03/24/2009 8:17 PM

Not only is China investing in itself (a safe way to self sustain it's cash cow economic progression) it is promoting a change in the worldwide currency standard from the Dollar to another yet undisclosed worldwide currency along with Russia and others in order to bring the final stockade to the US and the West (Europe) in general. Saviour? More like Profiteers...

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Guru
Hobbies - CNC - New Member Hobbies - DIY Welding - New Member Engineering Fields - Electromechanical Engineering - New Member

Join Date: Aug 2007
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#4
In reply to #3

Re: Is China a Savior?

03/25/2009 8:55 AM

Saviour? More like Profiteers...

Neither, more like Capitalists

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