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Author Topic: China will become Super Power ?  (Read 13092 times)
BTCmoons
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October 13, 2014, 04:53:51 PM
 #61

China is already a super power, it controls America through its debt.

its also the worlds biggest real goods economy
https://en.wikipedia.org/wiki/List_of_countries_by_GDP_sector_composition

the Chinese outproduce everyone in the world in Agriculture and Industry.
the only thing the Americans and Japanese produce more is bullshit paper pushing Services.
China has no recourse if the US were to decide to not pay it's debt. There is also nothing to stop the US from selectively paying it's debt-holders and only paying non-chinese debt-holders. The net amount that China is borrowing from the US is much less then the net amount that the US is borrowing. Once the US gets it's spending problem under control the fact that China owns a lot of US treasury bonds will mean nothing.

the US will never get its spending problem undet control because that means not paying welfare and cutting state pension checks, both are political suicide.
if the US defaults on its debt to china then china stops loaning new money.
with 80 billion usd a month in trade defecit that means the US goes hungry.
I think it would be possible for the US to generally reduce welfare to more manageable levels along with reforming entitlements to levels that are more in line with life expectancy levels gradually. I am sure that liberals will have a field day over this however it is something that needs to be done
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October 13, 2014, 05:48:22 PM
 #62

As a Chinese, I do see my country is becoming more and more powerful. But it's still far behind the US. That's why I still want to do a postdoc in the US.
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October 13, 2014, 06:45:09 PM
 #63

China is already a super power, it controls America through its debt.

its also the worlds biggest real goods economy
https://en.wikipedia.org/wiki/List_of_countries_by_GDP_sector_composition

the Chinese outproduce everyone in the world in Agriculture and Industry.
the only thing the Americans and Japanese produce more is bullshit paper pushing Services.
China has no recourse if the US were to decide to not pay it's debt. There is also nothing to stop the US from selectively paying it's debt-holders and only paying non-chinese debt-holders. The net amount that China is borrowing from the US is much less then the net amount that the US is borrowing. Once the US gets it's spending problem under control the fact that China owns a lot of US treasury bonds will mean nothing.

the US will never get its spending problem undet control because that means not paying welfare and cutting state pension checks, both are political suicide.
if the US defaults on its debt to china then china stops loaning new money.
with 80 billion usd a month in trade defecit that means the US goes hungry.
I think it would be possible for the US to generally reduce welfare to more manageable levels along with reforming entitlements to levels that are more in line with life expectancy levels gradually. I am sure that liberals will have a field day over this however it is something that needs to be done

whoever will try to reduce welfare will get voted out, no politician will ever commit a career suicide to do the right thing, they have their own lives and families to worry about.
welfare is like drugs, you can check in anytime you like, but you can never leave, not without chaos Soviet Union dissolution style.
BTCmoons
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October 14, 2014, 03:16:59 AM
 #64

China is already a super power, it controls America through its debt.

its also the worlds biggest real goods economy
https://en.wikipedia.org/wiki/List_of_countries_by_GDP_sector_composition

the Chinese outproduce everyone in the world in Agriculture and Industry.
the only thing the Americans and Japanese produce more is bullshit paper pushing Services.
China has no recourse if the US were to decide to not pay it's debt. There is also nothing to stop the US from selectively paying it's debt-holders and only paying non-chinese debt-holders. The net amount that China is borrowing from the US is much less then the net amount that the US is borrowing. Once the US gets it's spending problem under control the fact that China owns a lot of US treasury bonds will mean nothing.

the US will never get its spending problem undet control because that means not paying welfare and cutting state pension checks, both are political suicide.
if the US defaults on its debt to china then china stops loaning new money.
with 80 billion usd a month in trade defecit that means the US goes hungry.
I think it would be possible for the US to generally reduce welfare to more manageable levels along with reforming entitlements to levels that are more in line with life expectancy levels gradually. I am sure that liberals will have a field day over this however it is something that needs to be done
whoever will try to reduce welfare will get voted out, no politician will ever commit a career suicide to do the right thing, they have their own lives and families to worry about.
welfare is like drugs, you can check in anytime you like, but you can never leave, not without chaos Soviet Union dissolution style.
The US has successfully reformed welafare in the past, most recently in the 90's under Clinton and he was reelected as president.

The reforms are usually in the form of lower benefits in the future to future beneficiaries while current beneficiaries remain unaffected.
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October 14, 2014, 05:26:06 AM
 #65

Every country that had a great boom since the 1950s also had a bust.

China hasnt had a bust but had had an unprecedented growth unlike anything on earth.

China's reputation for cutting corners is well known.

The bigger they are, the harder the fall.

NEM
Robert Paulson
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October 14, 2014, 02:08:59 PM
 #66

China is already a super power, it controls America through its debt.

its also the worlds biggest real goods economy
https://en.wikipedia.org/wiki/List_of_countries_by_GDP_sector_composition

the Chinese outproduce everyone in the world in Agriculture and Industry.
the only thing the Americans and Japanese produce more is bullshit paper pushing Services.
China has no recourse if the US were to decide to not pay it's debt. There is also nothing to stop the US from selectively paying it's debt-holders and only paying non-chinese debt-holders. The net amount that China is borrowing from the US is much less then the net amount that the US is borrowing. Once the US gets it's spending problem under control the fact that China owns a lot of US treasury bonds will mean nothing.

the US will never get its spending problem undet control because that means not paying welfare and cutting state pension checks, both are political suicide.
if the US defaults on its debt to china then china stops loaning new money.
with 80 billion usd a month in trade defecit that means the US goes hungry.
I think it would be possible for the US to generally reduce welfare to more manageable levels along with reforming entitlements to levels that are more in line with life expectancy levels gradually. I am sure that liberals will have a field day over this however it is something that needs to be done
whoever will try to reduce welfare will get voted out, no politician will ever commit a career suicide to do the right thing, they have their own lives and families to worry about.
welfare is like drugs, you can check in anytime you like, but you can never leave, not without chaos Soviet Union dissolution style.
The US has successfully reformed welafare in the past, most recently in the 90's under Clinton and he was reelected as president.

The reforms are usually in the form of lower benefits in the future to future beneficiaries while current beneficiaries remain unaffected.

its not going to happen, by the time the future beneficiaries time to collect the welfare comes all the reforms will be canceled and even more socialism added.
that's exactly what happened since Clinton, more people are on the government's payroll in one way or another than ever.
labor participation rate is at 40 year low.
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October 14, 2014, 02:25:17 PM
 #67

China is already a super power, it controls America through its debt.

its also the worlds biggest real goods economy
https://en.wikipedia.org/wiki/List_of_countries_by_GDP_sector_composition

the Chinese outproduce everyone in the world in Agriculture and Industry.
the only thing the Americans and Japanese produce more is bullshit paper pushing Services.
China has no recourse if the US were to decide to not pay it's debt. There is also nothing to stop the US from selectively paying it's debt-holders and only paying non-chinese debt-holders. The net amount that China is borrowing from the US is much less then the net amount that the US is borrowing. Once the US gets it's spending problem under control the fact that China owns a lot of US treasury bonds will mean nothing.

It's all about productivity, chinese know how to be productive.
US will pay for the debt, one way or another.
If you only consume, you don't know how to make your goods anymore.

1FdwDuV2qgsw2w1Lza8nsea7L6mQxsc7g3
Sunderland
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October 14, 2014, 03:06:07 PM
 #68

There is alot fake stuff from china , they clone everything and sell with cheap price.
Cheap but low quality.

China will become one of Good Economic Country in the world , but super power ? No

Corruption, embezzlement, fraud, these are all characteristics which exist everywhere.
It is regrettably the way human nature functions, whether we like it or not.
What successful economies do is keep it to a minimum. No one has ever eliminated any of that stuff.
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October 14, 2014, 06:09:16 PM
 #69

There is alot fake stuff from china , they clone everything and sell with cheap price.
Cheap but low quality.

China will become one of Good Economic Country in the world , but super power ? No

China has large growth of middle income population layer. This means they have bigger salaries that enables them to buy more expensive products thus making demand for higher quality.

This demand forces product quality to rise to meet demand. Whole process is slowly rolling to higher quality of all products.

Strong middle layer makes country strong. China is growing rapidly with some bumps on the road but evenutaly there will be tipping point when it passes US.

Everything depends on the future actions of US though. Only time will tell, but I am almost certain that we should start learning Chinese Cheesy
findftp
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October 14, 2014, 06:34:14 PM
 #70

... but I am almost certain that we should start learning Chinese Cheesy

For me it's too late, but I seriously consider it for my children.
There is no reason why Chinese could not be the next dominant language around the world.
Well,.. now I think of it, all those characters are not really convenient and easy to learn.

1FdwDuV2qgsw2w1Lza8nsea7L6mQxsc7g3
panju1
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October 15, 2014, 01:15:34 PM
 #71

... but I am almost certain that we should start learning Chinese Cheesy

For me it's too late, but I seriously consider it for my children.
There is no reason why Chinese could not be the next dominant language around the world.
Well,.. now I think of it, all those characters are not really convenient and easy to learn.

A lot of people are learning Chinese now and dream of moving to Hong Kong.  Grin
CryptoCarmen
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October 15, 2014, 03:04:13 PM
 #72

... but I am almost certain that we should start learning Chinese Cheesy

For me it's too late, but I seriously consider it for my children.
There is no reason why Chinese could not be the next dominant language around the world.
Well,.. now I think of it, all those characters are not really convenient and easy to learn.

So you must put lots of effort for your children in first years to expand their painting and drawing since Chinese letters are drawings. Smiley
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October 15, 2014, 03:32:40 PM
 #73

There is alot fake stuff from china , they clone everything and sell with cheap price.
Cheap but low quality.

China will become one of Good Economic Country in the world , but super power ? No

China has large growth of middle income population layer. This means they have bigger salaries that enables them to buy more expensive products thus making demand for higher quality.

This demand forces product quality to rise to meet demand. Whole process is slowly rolling to higher quality of all products.

Strong middle layer makes country strong. China is growing rapidly with some bumps on the road but evenutaly there will be tipping point when it passes US.

Everything depends on the future actions of US though. Only time will tell, but I am almost certain that we should start learning Chinese Cheesy

yes you right , chinese languange is become important in asia now ,in my country for new recruit in some company they must be fluent in english and chinese.

Corruption, embezzlement, fraud, these are all characteristics which exist everywhere.
It is regrettably the way human nature functions, whether we like it or not.
What successful economies do is keep it to a minimum. No one has ever eliminated any of that stuff.
wangxinxi
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October 15, 2014, 05:25:45 PM
 #74

There is alot fake stuff from china , they clone everything and sell with cheap price.
Cheap but low quality.

China will become one of Good Economic Country in the world , but super power ? No

China has large growth of middle income population layer. This means they have bigger salaries that enables them to buy more expensive products thus making demand for higher quality.

This demand forces product quality to rise to meet demand. Whole process is slowly rolling to higher quality of all products.

Strong middle layer makes country strong. China is growing rapidly with some bumps on the road but evenutaly there will be tipping point when it passes US.

Everything depends on the future actions of US though. Only time will tell, but I am almost certain that we should start learning Chinese Cheesy

yes you right , chinese languange is become important in asia now ,in my country for new recruit in some company they must be fluent in english and chinese.

Good to know that. BTW, which country are you in?
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October 16, 2014, 04:55:11 PM
 #75

There is alot fake stuff from china , they clone everything and sell with cheap price.
Cheap but low quality.

China will become one of Good Economic Country in the world , but super power ? No

China has large growth of middle income population layer. This means they have bigger salaries that enables them to buy more expensive products thus making demand for higher quality.

This demand forces product quality to rise to meet demand. Whole process is slowly rolling to higher quality of all products.

Strong middle layer makes country strong. China is growing rapidly with some bumps on the road but evenutaly there will be tipping point when it passes US.

Everything depends on the future actions of US though. Only time will tell, but I am almost certain that we should start learning Chinese Cheesy

yes you right , chinese languange is become important in asia now ,in my country for new recruit in some company they must be fluent in english and chinese.

There goes my chance of a global career. Smiley

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October 18, 2014, 11:39:03 AM
 #76

... but I am almost certain that we should start learning Chinese Cheesy

For me it's too late, but I seriously consider it for my children.
There is no reason why Chinese could not be the next dominant language around the world.
Well,.. now I think of it, all those characters are not really convenient and easy to learn.

So you must put lots of effort for your children in first years to expand their painting and drawing since Chinese letters are drawings. Smiley
This is not true and somewhat racist. Chinese "bar" (the drawings that you refer to) are symbols that correspond to each spoken word in Chinese. They are not drawings as there is no creativity involved making these words. It essentially makes it impossible for someone to misspell a word

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October 18, 2014, 12:39:55 PM
 #77

China has blow up lately because people are working 24/7 and getting paid nothing, and actually take pride on it. But this is comming to an end, young people don't want to be working drones, and with democracy and vacations comes less raw production power, and righfully so.

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ocial
FattyMcButterpants
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October 18, 2014, 04:52:26 PM
 #78

China has blow up lately because people are working 24/7 and getting paid nothing, and actually take pride on it. But this is comming to an end, young people don't want to be working drones, and with democracy and vacations comes less raw production power, and righfully so.
This is somewhat of a myth. It has been rumored that foxcom (one of apple's suppliers in China) is able to get it's workers to wake up in the middle of the night to start work on a product that needs immediate attention, however I am pretty sure this has been debunked.

The standard of living in China has been rising steadily over the past several years and will likely continue to rise for the immediate future.
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October 18, 2014, 05:14:47 PM
 #79

Of course. Consider that US is very very ruined with him debts ! China is in active and have much much money to invest and make wherever they want ! I think that, in 1 or max 2 years, china will pass US.
BTCmoons
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October 19, 2014, 03:36:55 AM
 #80

There is alot fake stuff from china , they clone everything and sell with cheap price.
Cheap but low quality.

China will become one of Good Economic Country in the world , but super power ? No

China has large growth of middle income population layer. This means they have bigger salaries that enables them to buy more expensive products thus making demand for higher quality.

This demand forces product quality to rise to meet demand. Whole process is slowly rolling to higher quality of all products.

Strong middle layer makes country strong. China is growing rapidly with some bumps on the road but evenutaly there will be tipping point when it passes US.

Everything depends on the future actions of US though. Only time will tell, but I am almost certain that we should start learning Chinese Cheesy

yes you right , chinese languange is become important in asia now ,in my country for new recruit in some company they must be fluent in english and chinese.
English has been the dominant language throughout the world, including China. Most parts of the world will teach their children how to speak both their local language and English.
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