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the 3,000 employees of Delphi's brake and suspension unit are getting a new boss. Battered by weak sales, Delphi is selling the unit to investors led by a company named Shougang Corp.
Shougang is a steel maker owned by the government of China
"Everyone's so desperate for cash that the Chinese show up with a checkbook and people say, `Yes, please',"
Explosive growth in China and India, coupled with Japan's clout as the world's No. 2 economy, has long been expected to shift economic pow
"China certainly comes out of the crisis stronger rather than weaker, and it's the opposite for the United States," says Stephen Roach, chairman of Morgan Stanley Asia.
The United States is China's biggest trade partner. China sent $338 billion in goods here last year. Beijing is Washington's biggest creditor, with more than $800 billion invested in government debt.
Originally posted by blueorder
and it's relentless march of domination across the world should cause pause for thought.............
Originally posted by ModernAcademia
Wait..... Who's relentless march of domination across the world????
Who's doing this "marching" again?
Do you even know why U.S. currency is so almost worthless?
Originally posted by ModernAcademia
You gotta admit, China isn't stupid, they know what they are doing! Imagine if the U.S. was as smart?
Originally posted by ModernAcademia
Well.. i'm just saying
over 800 bases in over 130 countries man
and they aren't owned by the chinese
and so many MASSIVE "embassies" with 90% military personnel.
Sorry bro but it ain't the Chinese marching around the world.
And if the majority of you countrymen understood this perharps we wouldn't be in this mess.
And if you were reffering to the Chinese buying everything
well...... at least they aren't doing it illegally
They are oppressing their own people, sure
but i'm sorry not the rest of the world
In fact, alot can be learned from China if we weren't so arrogant
And I am saying this, the same person who said it's most likely China sending these Maoist terroists to India to divide it.
As far as communism, well to each country their own.
Sovereignty needs to prevail, it's mind boggling how elected officals don't get this
Originally posted by Dermo
The US was this smart.. remember WW2 when the US stood on the sidelines selling everyone weapons, lending them money and developing its industry to become No1?
Then the US let capitalism get out of control and now it has already lost 25% of its wealth in the last year.
China is barely bigger economics wise than Germany and it is absolutely nothing in comparison the the EU or US, fair enough, they will be eventually but there is plenty of maneuvering going on in the western world at the moment to ensure China never become top Dog. See the EU for example.
No doubt that the balance of power will move more and more over to Asia and the southern hemisphere but thats not a bad thing either. The US was after getting out of hand big time and needed to sit back down.