When the unions realize that their “silly and ridiculous demands” are the main reason why this country prefer to buy from somewhere else instead of manufacturing here, not to mention that the unions are also the underlain main reason why so many jobs are outsourced.
Unions were needed many years ago when there were not so many laws to protect the workers, but nowadays the unions do more harm than good to our economy. Read More

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There is virtually no more socialism in China, aside from government rhetoric. China is economically a capitalist country with politically a single party system. The Party’s legitimacy depends on Communism, so the government has to keep talking the Socialist talk, but everyone here (I live in Beijing) knows it is hypocracy.
And, in my opinion, China was always capitalist, though until the 80s the capital was not money but “guanxi” (personal favors). If a new building is built in NYC and I want to live in a nice apartment in it I offer money. In China I would go to the guy in my work unit in charge and give him a gift, nicest gift gets the apartment, *and* we both know that he did me a favor, and how much it was worth, so next time he needs something (get a car and driver, imported cigarettes, etc.) he would come to me. I stress, this is the way it worked into the early 90′s, it is not like this now.
But this is why corruption is so bad in China now. As the economy changes to money-based from guanxi-based, lots of “guanxi millionaires” are trying to convert their holdings into RMB. In many ways the economy is freer than in the US – no SEC hovering over the stock market (no effective one, at least), and very much of a wild west atmosphere, where the strong survive. Read More

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http://www.chinasmack.com/pictures/villa… Read More

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Is China’s economy OK? I’ve noticed that chinese ETFs have gone down and there are a lot of reports over concerns in China. Read More

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i’d say not yet. they’re going to go full out until after the olympics are finished, in order to show the world that they’re a first rate, highly developed modern nation. even if there are reasons for the economy to cool, i believe the state planners will keep it hot, regardless of the cost. when in doubt, just look at the construction still taking place throughout the country. Read More

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Perhaps the earthquake was a conspiracy created by John McCain or Obama using seismic radioactive machinery to trigger the China earthquake.
They wanted to weaken China’s economy to keep the US as a leading superpower. Is this theory plausible at all, is there any merit to it? Read More

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Can you give me some examples of how the Chinese have embraced a market economy from the early 80′s to present times? Read More

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Any country in the world have its own chinesse towns. Do you know any chinesse restaurant? Do you know any chinesse guy? And why all of them (almost) doesn’t convive too much with the people of the new country? Read More

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i need the GNP(not GDP) statistics for China and Japan, ive looked everywhere cant find them. i need them for 2005, 2006 and 2007…. thankz Read More

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They will come and crash very hard one day, it’s a communist government, as if you could trust their GDP figures, probably just forged. Their one child policy is going to kill their economy in the next 20 years. Read More

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