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Originally posted by rogue1
Originally posted by West Coast
Chinas provincial leaders have lied in the past by overstated provincial GDP growth figures, why not this?
If anything GDP figures have been understated to try and control inflation. GDP is probably higher than offically recognized.
It is mostly true. Many Chinese students who come to America to study are from wealthy families, not necessarily the brightest. Kind of like GWB going to Yale.
What evidence is that ?
Actually a hell of alot of foreigners are moving to China. I met people there during business from all contonents of the world. It does take a special type of person to live in China, you have to be willing to accept a new culture. Most Americans can't or at the very least are intimidated.
Figures ? The US sucks in resources from the rest of the world to fuel its economy.
Various business and economic journals cite China's economy becoming the worlds largest by 2020-2025.
Actually it's China trying to prop up the $US so the Wal Marts of the world can still by Chinese exports.
American employers cannot compete against China because by and large Americans are incredibly lazy compared to the Chinese.
It's why your economy has to be propped up by illegal workers from Mexico - cheap hardworking labour.
China doesn't devalue the its money. It the fall of the $US against all major world currencies. Even though China is trying to prop it up.
Selling it to who ? No one wants to buy US debt