Geopolitical Consequence of Chinese Collapse

[BiscayneSunrise]

Re: Geopolitical Consequence of Chinese Collapse

Tend to agree with hayek on this one. China has been through much worse than this and has held together as a society.

The Chinese leadership are no dummies and still have a lot of resources at their disposal, i.e. political, financial, economic, human & natural resources, etc. The national leadership is also VERY aware of potential flashpoints of disgruntled citizens and is managing the problem very carefully. A top priority is to improve the lives of the average citizen. The Chinese are harvesting the world for the best ideas and from my view seem to have few pre conceived notions about what they want.

Some people say the 21st century will be the Chinese century and China will become a superpower to rival the US. I disagree with that. I do believe, however, that China will stick to their knitting, concentrate on internal development, and come through this pretty well positioned.

[touchring]

Re: Geopolitical Consequence of Chinese Collapse

The Chinese leadership are no dummies and still have a lot of resources at their disposal, i.e. political, financial, economic, human & natural resources, etc. The national leadership is also VERY aware of potential flashpoints of disgruntled citizens and is managing the problem very carefully. A top priority is to improve the lives of the average citizen. The Chinese are harvesting the world for the best ideas and from my view seem to have few pre conceived notions about what they want.

Some people say the 21st century will be the Chinese century and China will become a superpower to rival the US. I disagree with that. I do believe, however, that China will stick to their knitting, concentrate on internal development, and come through this pretty well positioned.

China is no Japan, they are leveraging on their bubble to industrialize, breaking into new technologies whatever the cost, intimidating smaller countries, securing natural resources and modernizing their army both conventional and cyber-warefare.

They are also embracing foreigners, foreign cultures and languages (there's no discriminatory policy against migrants and foreigners like they do in Japan).

The Chinese are traveling a lot, they are able to integrate and work with foreign companies they bought over, while it takes Japan 30 years to build up their industries, China can just buy over.

Unlike Japan, China is not interested in trophies such as real estate, they want technology, branding, natural resources, real stuff.

In my opinion, there's no need to wait till the end of the century. No matter how despotic the CCP is, I believe that China will overtake the US in less than 15 years from now if the current trend continues unabated.

An America that is dominated by Wall Street is totally no much for a China that is bent on empire building.

[GRG55]

Re: Geopolitical Consequence of Chinese Collapse

China is no Japan, they are leveraging on their bubble to industrialize, breaking into new technologies whatever the cost, intimidating smaller countries, securing natural resources and modernizing their army both conventional and cyber-warefare.

They are also embracing foreigners, foreign cultures and languages (there's no discriminatory policy against migrants and foreigners like they do in Japan).

The Chinese are traveling a lot, they are able to integrate and work with foreign companies they bought over, while it takes Japan 30 years to build up their industries, China can just buy over.

Unlike Japan, China is not interested in trophies such as real estate, they want technology, branding, natural resources, real stuff.

In my opinion, there's no need to wait till the end of the century. No matter how despotic the CCP is, I believe that China will overtake the US in less than 15 years from now if the current trend continues unabated.

An America that is dominated by Wall Street is totally no much for a China that is bent on empire building.

Wen Says China ‘Cannot’ Yet Pull Back on Stimulus

Sept. 10 (Bloomberg) -- China’s Premier Wen Jiabao said the nation “cannot and will not” pull back from economic stimulus measures, seeking to sustain a recovery from the slowest expansion in almost a decade.

“China’s economic rebound is unstable, unbalanced and not yet solid,” Wen said today in a speech at the World Economic Forum in Dalian, a city in northeastern China. He cautioned that some stimulus measures will “fade” and others will take time to become effective.

Wen’s remarks reflect a commitment last week from the world’s biggest nations to maintain unprecedented fiscal and monetary measures to secure a recovery from the deepest postwar recession. The comments also may help reassure investors that a slowdown in new loans won’t derail China’s
rebound.

“The worst has passed, now it’s about whether China can maintain the strong momentum of a recovery that’s primarily been driven by policy stimulus,” said Wang Qing, chief Asia economist for Morgan Stanley in Hong Kong. “Very weak external demand is the key concern.”...

...Stimulus steps have “yielded initial results,” arresting a downturn in economic growth, and the government will maintain a moderately loose monetary policy and a “proactive” fiscal stance, Wen said. “We cannot and will not change the direction of our policies when the conditions aren’t appropriate.”

Risks for the economy include asset-price inflation, after a record $1.1 trillion of new loans in the first six months. Bank of China Ltd. Vice President Zhu Min said in an interview in Dalian today that ample liquidity has caused “bubbles” in stocks, commodities and real estate.

“The potential risk is that a lot of liquidity goes to the asset market,” Zhu said. “So you see asset bubbles in commodities, stocks and real estate, not only in China, but everywhere.”...

[touchring]

Re: Geopolitical Consequence of Chinese Collapse

Unlike in America where the government is busy bailing out their banker friends, in Asia, the real fight is over jobs and the aim of the stimulus is to subsidize exports and maintain the exchange rates. Bubbles are of secondary concern to China, they don't care if the bubble were to collapse later.