The Chinese economy grows as USA fails

As we produce less, earn less, spend less, purchase less, and continually OWE more to the Chinese, what will happen when we fail, will there be another country able to continue to keep purchasing the Chinese products or will they just receive OUR COUNTRY as payment in full?



www.nytimes.com...



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[edit on 22-10-2009 by HappilyEverAfter]

[edit on 22-10-2009 by HappilyEverAfter]

Beter not..i got notiing agisnt the chinese..hell when i was 12 a good frined of mine was from china! BUt when it comes down to business and MY freedom, i WILL act on it. Its heartbreaking, too see this could be a possibilty..corporate business has screwed us over, as well as the FED, and WE are the ones that suffer..all over monoppoly money, more or less.
We had better reclaim constitutionaly OUR streets, neighborhhoods, and businesses all! Re start a new business, keep it MADE IN AMERICA witha heart printed next to it

reply to post by ziggy1706


It would be nice to actually see some protection from our government rather than defection to private personal interests and corporate greed.
I dont see a timely turn around or any corrective actions being of any value let alone implemented.
My concern is that it has now crossed over into unrepairable through legislation and has as its only course, a hard fall to zero, and then defaulting.
As a nation we will be hard pressed to respond with any kind of manufacturing efforts since most factories have been dismantled, scrapped, or shipped overseas.
It is my opinion based on what I see, not what I wish for, that we will soon need to use our skills to survive what we will know as the most terrible planned and premeditated assault on our nation.

The US isn't buying as much products from China as we were. They have to make up for that slump in business by stimulating their own economy somehow. Can you say possible real estate bubble?

Your source

The state-controlled banking system has given out a record $1.27 trillion in new loans this year, and some analysts have warned that too much of that money has ended up in stocks and real estate.

Edit to ADD: Their stimulus and growth during this period wont really help the world economy. They are simply going to start using up their own productivity excesses at home by selling their products and services to themselves.


Don't expect a major contribution to the global economic recovery from them any time soon. Unlike the US recovery when it happens we will start importing products and service from overseas and that will help the global economy.

[edit on 22-10-2009 by SLAYER69]

So with that happening as well, doesnt that indicate an even steeper downward spiral, where both economies entering such weakened conditions cause an expotential advance to failing?
I do not see where we can so quickly create new consumers, nor do I see the Chinese reducing costs or wages so newly into their enjoyed growth and prosperity.
With so many collapsing artificial financial bubbles in play where does it have any reality? I'm not seeing a repair on this.

reply to post by HappilyEverAfter

It is my opinion based on what I see, not what I wish for, that we will soon need to use our skills to survive what we will know as the most terrible planned and premeditated assault on our nation.

The only question is how fast and how orderly will the demise of the USA be. Obama and the present Congress certainly are intent on driving a stake through the heart of America and the idiot sheeple are bleating about socialized health care they will never see.

I told my husband twenty years ago we were watching the last years of the USA and I fear I am correct. The only thing that could have saved the USA is repeal of all the massive regulations crippling small businesses and industry growth, instead we got the currency doubled within the first three months of this year and now other countries have lost faith in the dollar. Fuel prices will soon be going through the roof and the price of ever thing else except wages will follow.

I wonder if we will even have elections in 2010. If we do please vote third party.

Originally posted by SLAYER69
The US isn't buying as much products from China as we were. They have to make up for that slump in business by stimulating their own economy somehow. Can you say possible real estate bubble?

Your source

The state-controlled banking system has given out a record $1.27 trillion in new loans this year, and some analysts have warned that too much of that money has ended up in stocks and real estate.

Edit to ADD: Their stimulus and growth during this period wont really help the world economy. They are simply going to start using up their own productivity excesses at home by selling their products and services to themselves.


Don't expect a major contribution to the global economic recovery from them any time soon. Unlike the US recovery when it happens we will start importing products and service from overseas and that will help the global economy.

[edit on 22-10-2009 by SLAYER69]

Exactly. Since the GDP of China is just north of 7 Trillion, that represents 15-20%. Without goverment stimulus China economy would have decreased 7-12%. Think twice before congratulating the Chinese. Goverment owns a fair piece of it's industry as well.

reply to post by SLAYER69


I think you're confusing global recovery with US recovery.

The USA, Canada, The UK, Iceland, and a handful of others were hardest hit over the last year. After that, it's a sliding scale.

China's recovery is leading the recovery of a lot of other nations - and could very well lead a global recovery. Whether or not that global recovery involves returning the USA to its economic glory days is another question.

China has over a billion people - and their recovery, regardless of what you think of the government stimulus project, is keeping Australia well as a good chunk of South America and Africa afloat. It's also helping India and Russia. And Japan is also seeing the benefit.

That's global recovery, from where I sit. It's not helping countries that tied themselves to the US economy (like Canada), and it's not helping the USA all that much, because the USA has positioned itself predominantly as an importer of Chinese goods, as opposed to a full trade partner.

It may well produce a bubble - but - China has one thing going for it: a government that doesn't have to deal with partisan hackery, and can exercise far greater control over the situation. There is something to be said for a government that can make a 20 year plan, and stick to it to the letter. I'm a fan of democracy, but I do envy that sometimes.

reply to post by sligtlyskeptical



Oh I'm not congratulating them, and I dont see where they will sustain their economy buying their own goods when they cant afford to do that, short term let alone long term.

And I mean that on a growth scale, stopping exports to USA, its a loss of customers.



[edit on 22-10-2009 by HappilyEverAfter]

reply to post by sligtlyskeptical


You know whats really funny....

There is almost a cheering section here at ATS about the USs economic slump. Either they don't know or just ignore the fact that if they really want the global economy to recover they need the US back in the game.

China has an export based economy. Sure they'll spend money abroad and it may help a few countries around the world momentarily but not on the scale of the US 14 Trillion dollar a year economy when it's game is on. We are an import based economy. We use twice as much products and services than we produce and that extra comes from other countries. Which means jobs in their country.

Go China!

[edit on 22-10-2009 by SLAYER69]

reply to post by SLAYER69


You keep forgetting that China now controls a big chunk of Latin American and African resources. That means growing demand from these regions for Chinese goods. Asia, ANZ, India, Germany, Latin America and the Middle East can trade within themselves without the need for North America and Europe.

Indeed. Go China!

reply to post by eldard


Here is an interesting perspective.

The China Hype

Despite an impressive rebound, an innovation shortfall may hobble sustainable growth

By Beijing's own admission, the economic model that has powered China for three decades can no longer be counted on to move it forward. The mainland has prospered largely through construction and by exporting all manner of consumer goods churned out in low-wage factories; workers parked their savings in state-run banks, which then loaned the money to companies to make more stuff.

But technology and managerial knowhow came mostly from multinationals, and the costs—pollution, decaying social services, and a yawning gap between the urban rich and rural poor—were largely ignored. Though that model has fueled phenomenal growth, Hu and others now call it "unbalanced" and "unsustainable."

reply to post by eldard


www.chron.com...

Originally posted by SLAYER69
reply to post by sligtlyskeptical

 

You know whats really funny....

There is almost a cheering section here at ATS about the USs economic slump. Either they don't know or just ignore the fact that if they really want the global economy to recover they need the US back in the game.

China has an export based economy. Sure they'll spend money abroad and it may help a few countries around the world momentarily but not on the scale of the US 14 Trillion dollar a year economy when it's game is on. We are an import based economy. We use twice as much products and services than we produce and that extra comes from other countries. Which means jobs in their country.

Go China!

[edit on 22-10-2009 by SLAYER69]

I really don't understand what is wrong with people. Maybe most are just kids with no real world experience. It ticks me off when everyone points to China as an example. They are socialist and most of what they have is what has been given away by the American people. We use to be the ones that benefited from making stuff for ourselves. Now we have no jobs because we gave them all away to China and people appear to be happy about that. Yeah, Go China.

reply to post by HappilyEverAfter


That's good actually. It means China's nylon producers will be protected.

reply to post by sligtlyskeptical



Same source

There are already signs that Beijing's policies are undermining the transition to a more balanced economy that might propel growth around the world. Over the past decade, consumer spending—what should be the mainstay of a new Chinese economy—has slumped from 45% of gross domestic product to 35% and now stands at about half the U.S. level. A full 88% of this year's GDP growth, Morgan Stanley's Roach estimates,

But with China's exports down 15% in September—the 11th consecutive month of decline—Dongguan is reeling. In the Changping district, once dubbed "little Hong Kong," shuttered factories are overgrown with weeds.

[edit on 22-10-2009 by SLAYER69]

reply to post by SLAYER69


Very good article, thank you, and it does show me how intertwined and dependent their economy is on US, I still dont have a good outlook, and still dont have an answer or opinion on whether or not we will be handed over as payment on debt.



[edit on 22-10-2009 by HappilyEverAfter]

reply to post by SLAYER69


I remember the warnings about America's debt way back in the 90s when I was still a teenager. It got a good two decade run, didn't it?

reply to post by eldard



It seems to me like a condition to be exploited by our own government, the corporations, and foreign interests, one where WE will be as an entire country, exploited.

reply to post by eldard


Yeah I remember Japan back in the 80s was going to be the new economic Super power.