posted on Feb, 11 2016 @ 11:36 PM
a reply to:
anzha
China also has a cultural attitude which is very different from Japan.
They are less conformist, more ambitious and more creative. I work with many Chinese scientists---much more like Americans than Japanese, except in
work ethic.
Their economic problems are like the USA's economic problems in the 1930's, but less severe. Real, yes, but their fundamental core infrastructure:
physical and personnel is real and formidable. They can make things that USA used to make and can't any more.
The USA was the manufacturing powerhouse of the world from 1915 or so, despite having the highest wages.
Everybody is getting scared about Chinese growth hitting 5% or 6% instead of 8% or whatever. Really?
It is 5% of a far larger base than just a few years ago. Their absolute growth is still enormous. USA would kill for that growth. Look at the big,
long range, picture.
USA had -25% peak to valley by 1933 or something and they came out OK.
edit on 11-2-2016 by mbkennel because: (no reason given)
edit on 11-2-2016 by mbkennel because: (no reason
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edit on 11-2-2016 by mbkennel because: (no reason given)
edit on 11-2-2016 by mbkennel because: (no reason
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edit on 11-2-2016 by mbkennel because: (no reason given)