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Sep 9, 2008 10:24 AM GMT
chinese growth can be consumption led as china has 1.8 trillion in FX reseres so the fall in exports may be offset by increased domestic consumption at home atleast for the next 5-6 years.However in a longer term scenario the current geopolitics will make the popular'move up the value chain' difficult as the west is reluctant to transfer advanced capital goods to facilitate that and the bulk of the exports become uncompetetive to lower cost India and other contries due to rising incomes in China.
Aug 29, 2008 7:56 PM GMT
"Realist", the Chinese dream is nearly identical as the American dream, except for it is hopled to be realized in China. Yours truely is a highly paid financial professional, I have seen so many of my friends went back recently. So your "coming to America" thesis is no long 100% correct. The wind is changing. Don't live in the past, prepare the future.
Aug 28, 2008 4:40 PM GMT
China is in deed in a lot of crisis, it is also opportunity. With the textile and toy industry all you get is low paying jobs. I would be more interested in export growth for autos, technology, etc. And about inflation, prices are not coming under control, at least wage has not keep up with inflation.And Realist, you are the most unreal dope around here, sniff some Opium from your backyard. I know, you are too stupid to realize who is the crack addict of the world right now, and crack wars are not fought with a country like Great Britain which says you need to import crack or else.