China Financial News

   / China Financial News #31  
The US is in a worse place that Euroland...know that
 
   / China Financial News #32  
I have this book, bought it many years ago and often wondered how the predictions never came to pass.

In a nutshell, Japan was everything.

Back in the late 70's and early 80's... you couldn't walk on a University Campus Business or Engineering campus without the topic of how Japan was the dominant force... Toyota even partnered with GM to build cars in Fremont CA... the workers were taught Japanese thinking in terms of manufacturing... fast forward to this year and the plant is also gone.

Their research and theory seemed pretty well done. Maybe actual events just move slower than they anticipated? I keep meaning to dig that book out of storage and give it a flip-through again.
 
   / China Financial News
  • Thread Starter
#33  
GUESS WHAT NORMAL IS: Self-Sabotage: 5 Tips for Breaking Free!

I think this happens on a nation level too. It does seem to be a natural thing.

What Is Fear of Success? Signs of Self-Sabotage: Signs of Self-Sabotaging Your Relationships & Goals, & Why You Do It | Suite101.com

This whole concept has always amazed me and knowing it is real is the best way to guard against it.

Who has not know a guy that was about to marry his dream girl in every way possible that blows it by a cheap one night stand or something equally dumb?

Doing something is truly key but nations can see what is happening many years ahead of an event but NEVER bring themselves as a group to take the known require actions.
 
   / China Financial News #34  
So if we take at face value the 'rise and fall' sequence from the article I linked to earlier, where does China fall on the list? If they are the 'next great' they should be working their way through the list per the article.

The List: (from the-rise-and-fall-of-america: Personal Finance News from Yahoo! Finance)

The average age of the world's greatest civilizations from the beginning of history has been about 200 years. During those 200 years, these nations always progressed through the following sequence:

From bondage to spiritual faith;

From spiritual faith to great courage;

From courage to liberty;

From liberty to abundance;

From abundance to complacency;

From complacency to apathy;

From apathy to dependence;

From dependence back to bondage.



Are they in the 'Bondage to Spiritual Faith' step? Bondage I can understand, they are coming out from under Communism. But China is (I believe) mostly secular, are they suddenly going to 'get religion'? I did a little searching for information on rising spirituality in China and came up with this article:

The connection between Religion and Growth in China

Which mainly talks about some research between religion and economic growth and how it might apply to China since they are Confucian and not really religious. Essentially (if I read things correctly) having wide-spread religious beliefs spurs economic growth but actual church attendance inhibits it. I also came across this article:

Asia Times Online :: China News, China Business News, Taiwan and Hong Kong News and Business.

Which talks about a 'crisis of faith' in China and has a quote from Chinese Premier Wen Jiabao where he "cited a spate of widely reported food safety scandals in recent years as example for ''degradation of morality''". I don't know about you but given the food scares in China, the uncertainty of the food and other items they export (heavy metals etc) I'd be scared to have to buy and eat just Chinese made food. So is their 'spiritual faith' step really just about this quote from that article?:

"Apparently, to restore social morality and integrity, China needs to solve its ''crisis of faith''. To solve this crisis, new ideology must be established to fill the current ''vacuum''."

The vacuum being ideology on how to make money but not at the expense of the degradation of morality and loss of integrity. And once they sort out that it is not just about the pursuit of money at the expense of other people but something more along the lines of "Do onto others" will that give them the basis for the next step which is 'great courage'? That as a people they will believe in themselves and their country enough: 'we can do this, let's go!' and become a superpower?
 
   / China Financial News #35  
The UK lost its Superpower status because it was bankrupt.

Why was in bankrupt? Two World Wars, multiple smaller ones, recessions, depression, and social change from the preceding events.

The two wars bled the UK dry both in terms of money and blood. The social change both locally and world wide also hit their economy. The UK was an Imperial power. People say that the US is an Imperial power and they are flat out wrong. The closest the US has come to being an Imperial power was in the PI and that is a stretch.

An Imperial power has colonies from which raw resources are exported to the home country. The home country builds products from the resources for sale at home, exports sales to other countries and back to the colonies. After WWII the UK lost its colonies which was another part of its downfall.

The UK's decline took at least 50 years. The Roman Empire took centuries.

The US has problems. But so does the EU, the Japanese and China.

China's problems are far worse than our problems. They have no freedom. They have mass unemployment/underemployment. A vast difference between the rich/poor aka educated/ignorant aka urban/rural. The Chinese are NOT one mass of unity. They have different regions and peoples whose history is a mix of unification with periods of separation. Only the terror of the Communist State aka Maoism in the 20/21 century has held these people and regions together.

Do not forget that China is a Communist country with all of the corruption and evil that goes with Communism. From a distance they look impressive but when looked at closely they have many fundamental problems.

China along with India and other Islamic countries have even worse problems than the economy. Because the cultures in these countries value boys over girls they have an severe imbalance in the number of boys vs girls in their populations. Think of the problems this is going to cause in the future...

When a country has a surplus of population especially males, watch out.

Later,
Dan
 
   / China Financial News
  • Thread Starter
#36  
dmccarty that was a good read. I agree even with all of our problems we have an edge on countries like China. One day there will be many China's when the current form of government drops from power and they always do drop. Choice is key for citizens to be and stay happy.
 
   / China Financial News
  • Thread Starter
#38  
WOW! That is sad especially for the kids. 100 years ago we had issues like this but not on this scale.

I think China may be between a rock and hard place with no known solutions as to how to grow fast and not destroy themselves in the process.

China is going to break up and become another Russia perhaps. Hong Kong may help save the country financially.
 
   / China Financial News #39  
...An Imperial power has colonies from which raw resources are exported to the home country. The home country builds products from the resources for sale at home, exports sales to other countries and back to the colonies....

What is it called when the home country exports it's resources to have products built, and then imports those products?
 

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