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and how did mao fix them? Read More

in the world by 2010?
http://www.financedaily.co.uk/News/ChinatobeWorldsLargestEconomyby2010_448.html
China has experienced average economic growth of more than 10 per cent per annum since 2003 and economists predict that the country is on course to maintain similar growth rates for the next two years at least.
The second largest economy in the world behind the USA, China has benefited considerably from globalisation and outsourcing over the last decade, effectively turning the country into the workshop of the world. It is this impressive transformation from rural economy into industrial revolution that economists at the National Institute Economic Review (NIER) predict will make the country the world’s leading economy by 2010.
“It should happen quite soon,” commented Dawn Holland, Research Fellow at the NIER in London, on China’s rise. “The Chinese economy is already larger than the Euro Area and currently there is less than five percentage points between China and the USA Read More

Well, it sure looks like the King of the Wahabi’s took a giant you-know-what on our fearless leader’s head by denying him a break on stiff oil prices-He says He’s afraid that we will develop energy alternatives.Alright,but doesn’t it look like the King has us by the short hairs yet again and He’s relishing the moment-I know I would if I were him and Bush was arrogantly strutting around the middle east like a drunken giant who’s just been slapped in the nuts.China needs Middle east oil almost as much as we do and they have the ability to control their low-paid,labor force because these hundreds of millions of workers are not part of the political process. The emmensly powerfull leaders in both nations could easilly form a sort of cartel to devalue our dollar to even greater lows,buy up our defense industries,large chunks of our most creative and productive industries- Global Economy..Our debts cannot continue to accumulate indefinately–”I’d rather owe it to you than cheat you out of it Read More

ABANDONING COMMUNISM FOR CAPITALISM
China and Russia have mostly abandoned state control of the economy, instead shifting towards free market models, with some state control and a high-degree of state power (should they wish to intervene). The governments of both economies still retain state-controlled mega-firms, such as Gazprom (RU) and PetroChina (CH), the latter of which recently was pronounced the largest company on earth (US$1trillion). Though both countries are far from capitalist, it is comparable with other developed economies (eg. not nearly as laissez-faire as Hong Kong, but comparable to the US).
TRICKLE DOWN EFFECT & SAVING MILLIONS
Laws within the states are meticulously planned so that they favour the wealthy and powerful, as to not let peasants and the poor obstruct the advances of the nation (take it as you will). They largely put their faith in the trickle-down effect Milton Friedman described, which is when GDP grows, the positive effects (eg. rising standards of living) will ‘trickle’ down to the bottom of the economy, given enough time. For example, China, at its economic peak, lifted 1 million Chinese peasants out of poverty a month (that is one monstrous economic machine!).
MEDIA CONTROL, WITH AN EXAMPLE
This is where China and Russia differs greatly. China is powerful enough to either tell the truth to their citizens or censor everything – everyone knows what they’ve been doing. On the other hand, Russia opts to control the media through the Kremlin, which effectively controls 80% of the media in RU. Both of these devices allow them to end external and internal disturbances. For example, Japan recently issued a warning on a particular type of Chinese product as a political attack (claiming there were too-high levels of some dangerous substance). Almost immediately afterwards, China issued a warning claiming the SK-2 cosmetics brand contained dangerous levels of metal. Riots and protests ensued; anti-Japanese sentiment flared. A few days later the Japanese Govt retracted the statement, claiming it was an internal error — politics is often frivolous! For Russia, considering most ex-KGB (President Vladimir Putin is ex-KGB and surrounds himself with ex-KGB) members now run the country it’s not surprising to see this happening.
‘VETO POWER’ OVER BUSINESS ACTIONS WITHIN THE STATE
Should the political leaders of both nations feel that their power or ‘national security’ has been compromised by a business venture within their nation, they can simply snuff it out. This applies to foreign ventures to, such as when President Putin (RU) stopped a oil exploration and extraction venture, of which British Petroleum (BP) had already spent hundreds of millions of dollars, because they didn’t like the thought of overseas firms investing in Russian interests. Apparently national security was compromised. China is far less devious in this field of control, with them simply telling overseas investors outright that overseas citizens cannot hold a majority or even a large minority stake in a firm (stockmarket).
FOCUS ON PRODUCTION, BUT SHIFTING TOWARDS TERTIARY SECTORS
The primary and secondary sectors (i.e. production of goods & services) is the current focus of both economies. However, their governments have realised that although it is important to the domination of their political parties not to shift production overseas, that services [tertiary sector] are higher up the add-value chain and will better enrich their economies. There is still a massive – but waning – focus on primary sector production (eg. oil). Read More

The US owes China about a trillion dollars.
Most of this is in long term bonds, so there is a specific period when it comes due. If China stopped buying the bonds, it’d still be 30 years before we had to pay off every last dollar.
So we would be faced with a number of options, beginning with simply selling new debt to someone else. The government doesn’t have too much trouble finding buyers for it’s debt, worse case, it pays a bit higher interest rate. And if they wanted to, the government could simply print the trillion dollars. That would be inflationary, of course, but new money has been coming on Read More

Their government has given out tons of loans that they will never be paid back for.
The currency reserves they have will be worthless if the american dollar collapses.
Their manufacturing lines are only good for manufacturing items americans will buy, and americans can’t buy them anymore.
Their human rights record is probably worse than ever.
Their television is….okay.
What do you think? Read More

ha ha speak more , funny , as if the Americans did not speak enough already !!!…. ANYUHs ! /:)
i meant to speak more than one language ???
which of the followings is ur pick or u are capable of learning ?
Chinese for the obvious .
Spanish since we NEED business with the rest of the continent which speaks spanish !?
or french because our neighbor to the north speaks it ( note than this is the only country in the Americas which speaks french ) Read More

Their government has given out tons of loans that they will never be paid back for.
The currency reserves they have will be worthless if the american dollar collapses.
Their manufacturing lines are only good for manufacturing items americans will buy, and americans can’t buy them anymore.
Their human rights record is probably worse than ever.
Their television is….okay.
What do you think? Read More