Comments on: America can’t afford complacency on China

By: valwayne

valwayne — Sun, 21 Aug 2011 20:02:26 +0000

Obama is clearly in way over his head on everything. Let’s hope the Chinese don’t move to fast to take advantage of our incompetent weak President, until we can get somebody competent in the White House next year!

By: aufman

aufman — Sun, 21 Aug 2011 18:21:44 +0000

When Palin inevitably becomes President, China will collapse and all the money and wealth that it stole from America IS RETURNING BACK TO THE PALINATION!

By: loke

loke — Fri, 19 Aug 2011 23:39:37 +0000

MUCH ”FAIRER” COMPETITION RULES AND REGULATIONS MATTER, OBVIOUSLY.

By: Wantunbiasednew

Wantunbiasednew — Fri, 19 Aug 2011 12:59:26 +0000

1WorldDone, I wish i would but unfortunately that is not the case. There is a common wisdom in my small country “It is better to be invaded by Americans than liberated by Russians”. I wish US would stay for decades as single world superpower or at least dominant military power. US is doing relatively very small harm. So about beliefs and desires.
People usually use ARGUMENTS. Waiting for YOURS…
What i found also interesting in Bremmer’s article:
4. China is technology-hungry and this gives room for US companies to export to China.
Yes, I agree. But if You noticed from outlines of 12th 5y plan China only seeks foreign investment in industries in which it is far behind developed countries. And of course if Americans will not want to share them others: UE, Russia, Japan, Korea would. And again it is only the tool for building domestic capacities.
The problem we all have is sheer size of China market, 1339 million people, 4 times bigger than US, bigger than all developed countries combined. With size come economies of scale. For 1.4 billion consumers it is worth building airplanes, pharma, software, every industry. Just for domestic market. Isolationism for US is not an option. I think in 5-10 years time US would need China consumers more than opposite. Watching back into world economic history, last 2000 years You find empires similar to emerging China: Mongols, Sung&Ming China, British Empire, Roman Empire. BUT in the past economy was not so integrated, technology was not so important, costs of transportation not so small, speed of information much smaller and so on, to leverage the size of EMPIRE. And the most important factor of the empires was so homogenous as present Chinese society: one language, one nation. It is a little scary.
5. Chinese will be angry at the ruling communist party and start revolting.
I don’t agree. Most of society remember how it is to be hungry, can learn from modern history about being opressed by foreign powers,

By: 1WorldDone

1WorldDone — Fri, 19 Aug 2011 05:20:24 +0000

Wantunbiasednew is living in a dreamland. Without all the exports China would GUARANTEED descend into economic chaos and revolution.

China is TOTALLY dependent on exports for their survival.

By: Tommyuk

Tommyuk — Thu, 18 Aug 2011 14:54:51 +0000

Andeo, an interesting factoid! which citizens get the 55 cents? It wont be the ordinary citizens will it? More like the corps who have a vested interest in China!
Like to see the proof of your figures. As for raw math, the US economy is still by a long way the largest in the world. Unfortunately so is the deficit.

By: stambo2001

stambo2001 — Thu, 18 Aug 2011 13:18:58 +0000

I think the importance of the usa as a consumer of chinese goods is being far overblown. The american population is in debt at the city, state and national level. Jobs are gone. Wages are disappearing. Spending is going down further and further. As the american dollar declines and the purchasing power of the american citizen declines there is a simultaneous increase of living conditions and purchasing power of people in India and China itself. You know, where the jobs went. Their 1.2 billion people can easily fill in the purchasing void of a mere 300 million americans…even if they spend half the money. Raw math cannot be argued.

By: Andao

Andao — Thu, 18 Aug 2011 10:28:31 +0000

Reuters had something a few days ago about how every dollar spent on “Made in China” actually puts 55 cents in the pockets of Americans. So think twice before you jump to tariffs are the catch-all solution.

The best solution for everyone is an appreciated RMB. The Chinese consumers get more real wealth and China reduces its ridiculously oversized forex holdings.

By: Intriped

Intriped — Thu, 18 Aug 2011 10:16:27 +0000

Tariffs by all means.

By: Tommyuk

Tommyuk — Thu, 18 Aug 2011 07:51:50 +0000

How many US citizens actually concern themselves at the point of purchase as to where (China, India, Japan, Russia) the product was made? You also need to consider where your oil and gas come from and whether you wish that supply route to continue.

You can solve the problem overnight if you choose to.

They would change their arrogant tune in quick time.