posted on Aug, 30 2005 @ 08:23 AM
"You think China is a rival? Not yet, when their enconomy is not dependant on our pocket then they will be a rival. “We will not import any goods
from China” Ooops there goes china on its knees."
Westpoint, I think you have your arguement the wrong way round..
Friday July 22, 2005
"..China, already sitting on foreign exchange reserves of $71bn - second only to those held by Japan - has a fast-increasing trade surplus. Between
April and June, the value of exports increased by 31%, almost twice the growth of imports"...."[it's] economy is immeasurably stronger than the
Soviet Union's ever was and its growth is continuing at breakneck speed: economic strength is the key precondition for global power and influence.
Second, unlike the Soviet Union, which chose confrontation and autarky, China has opted for global integration and its own form of capitalism. As a
consequence, China is already deeply entwined with the global economy. It is the biggest exporter to the US, the largest recipient of foreign direct
investment and the main reason why the US is presently able to live with a huge budget deficit.."
[edit on 30-8-2005 by timski]