I am happy for the Chinese citizens.

I have no idea whether they have really known wealth and abundance or not, but I hope this is it for them.

We are heading for new times, where we might find the populations that once suffered, coming out ahead against the once-considered "developed nations".

I know that companies here have started looking at other countries for cheap slave labor.

Vietnam and other asian countries will soon steal jobs from the Chinese.

The global companies will not accept 10% salary increases even if that only equates to 5-8$

The way this seems to be going, within 50 years, there will be nobody on Earth who is willing to do the grunt work. Then what?

Originally posted by warpcrafter
The way this seems to be going, within 50 years, there will be nobody on Earth who is willing to do the grunt work. Then what?

It doesn't take 50 years for robots to become mainstream.

Originally posted by Hanko
The chinese are infiltrated and it will be an out all war.

Infiltrated? How? The chinese doesn't look exactly like europeans you know.

I could foresee China importing overseas workers to meet Labor shortages and possible to address the country population imbalance . The imported workers could either form an underclass or become Chinese citizens based on racial qualifications being the sort of thing the Nazis use to practice . The only question in my mind is where the overseas workers would come from Tibet , Mongolia and Burma spring to mind .

Cheers xpert11 .

China’s land mass is huge and is fully capable of absorbing a couple more billion people from the world with no worries. Just based on agrarian culture, it would be enough to feed them all.

Their problem is production. It is still very much primitive and had not been as fast as the west to adopt technologies to improve their productivity, thus the need for intensive labor and an unwillingness to pay more for such lower scale work in the name of securing high profits.

Even with imported forced labour, their productivity will be worse, if these workers allowed themselves to survive only on bread and water daily.

It never ceases to amaze me how some people can think China or India is a wealthy nation just because they have a couple of trillion in their treasury.

To America and most European states with only hundreds million people, a trillion means a lot and could do much, but to China and India with population that are over a billion strong – it’s a nightmare.

Bill Gates may have obscene billions in his personal accounts, but he is a private individual and that money is his to selfishly spend with no obligations to anyone. However, for China, that couple of trillions in the treasure is for social spending – healthcare, education, infrastructure, etc.

Worse still is that social spending is a PROMISE to the common masses, for that’s what communism is all about. The masses work for the State without the lassie faire of Capitalism and the State is obligated to take care of ALL their needs.

One trillion dollars in the national treasury divided by one billion people means only $1,000 to distribute to EVERY citizen. Those thousand dollars are not going to be enough for social needs. The CCP is now on its knees and knows it.

They may seem to be on a buying spree – purchasing fix assets internationally and boosting their image, especially acquisition of Volvo to con their customers on a supposed equal safety image of their Geely cars. (A joke as the Geely car which is of coke can construction, can never measure up to the standards of quality and reliability of the European Volvo)

Such acquisitions are mainly hopes to gain better returns than sitting in the bank. Unfortunately, should a crisis occur, with the common masses in need of medical attention, many of them will be left to die as the CCP has no or little liquid cash.

China is NOT an oil rich populous state such as UAE or Dubai nor can they buy up foreign companies as they wish without a long hard thought on its return values.

The CCP cannot even afford to build roads to link up all its provinces, nor offer quality education to its huge masses. A hi-speed rail to a few cities is all they can afford. Their military and space program a sinking hole.

If Americans think citizens are living in poverty and upset about healthcare, think of the Chinese masses whom are in even worse shape.

The rich in China is getting either more richer or corruptly rich and the poor - made slaves. The hapless CCP is now stuck. They cannot afford to do a Putin to curtail the growing oligarchies of rich for fear of frightening investors, nor can they generate enough cash to live up to its communist pledges to the masses. Protests and strikes are getting more daily. The CCP leadership is sweating heaps.

They can go into a debt based economy, using borrowings to fund the economy like US and most Western states, but unfortunately, their debt instruments are high risk. Who dares trust a commie govt? There's no rule of law. Whatever the despot ruler says on that morning upon waking up is the only law. Wipe off debts one morning and all creditors will be in deep sh*t.

So there’s nothing to praise or be envious of China. The Chinese masses that realize the truth certainly don’t. Only those oligarchies and corrupt amongst them are hoping the gravy train will continue on. But time is unfortunately not on their side.

[edit on 30-3-2010 by SeekerofTruth101]