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Five reasons why China is bound to win the race with the US

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posted on Jan, 20 2011 @ 01:23 PM
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1. Economy

The US economy grew by roughly 3% last year. China's grew by 10%.

In the US, the budget deficit for the fiscal year 2009 was a whopping $1.42 trillion. China had hundreds of billions of dollars worth of budget surplus in 2010.

The US national debt just reached 14 trillion dollars and the country is paying interest on it at some $250 billion a year. Much of that money is being paid to China, its biggest creditor.

Some, especially in the US say China is at fault for keeping its currency artificially low to make its cheap but quality goods even more competitive on world markets – others vehemently disagree.

Both US and Chinese companies complain that they face obstacles when trying to enter each other’s markets directly, without a local partner.

2. System of governance or Obama vs Hu

3. People and businesses

4. Geopolitics

5. Defense and security spending

Check out the link for the full details.

rt.com...
edit on 20/1/11 by NonKonphormist because: to do editing type stuff




posted on Jan, 20 2011 @ 01:24 PM
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I've just come across this and thought I'd share.

Thoughts please.

Peace.



posted on Jan, 20 2011 @ 01:31 PM
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Afraid of commies much?



posted on Jan, 20 2011 @ 01:36 PM
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reply to post by FrancoUn-American
 


No more afraid of commies than I'm afraid of the current system



posted on Jan, 20 2011 @ 10:15 PM
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Because OP spent time to outline 5 reasons of the problem instead of solutions of the problem. I'll be glad watching the experts tearing each other apart when the time comes to be an "Expert".



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