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China has now become the biggest risk to the world economy

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posted on Nov, 17 2009 @ 02:09 PM
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Originally posted by CanadianDream420
This is a surprise how???

Economics 101 taught me if you were a producer nation, rather than a consumer nation, you'll have more market control and be better off.....'



duh?

[edit on 16-11-2009 by CanadianDream420]


I like your screename my friend, but tell me how we do not produce anything in this nation?




posted on Nov, 17 2009 @ 06:48 PM
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Looks to me that it's a matter of equilibrium. People generally all have the same desires and wants.

U.S. Brands Have Special Luster in China CBS

Clearly, capitalism is a hit in Communist China. Older generations still save half their paychecks, but that trend's reversing as a nation of young shopaholics is born. Salaries for young, urban Chinese have almost tripled in less than a decade from $858 to $2,300 a month, but people in their 20s and 30s save next to nothing.



 
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