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Last post 12 years ago by DrMaddVibe. 15 replies replies.
Look, I'm not saying I'm banking on the Chinese economy but...
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bloody spaniard Offline
#1 Posted: Tue, Jan 17 2012, 7:28 PM EST
Joined: 03-14-2003
Posts: 43,802
you never know.Anxious
My company now accepts China's UnionPay credit card.Beer


We may bone up on Mandarin next. How you say Yun-Fat Chow?
jackconrad Offline
#2 Posted: Wed, Jan 18 2012, 12:29 AM EST
Joined: 06-09-2003
Posts: 67,461
Bout time, they have been taking ours for 25 years.

Just the other day i saw a Chinese guy at the Airport and the TSA was asking him for his VISA,,,
ZRX1200 Offline
#3 Posted: Wed, Jan 18 2012, 1:13 AM EST
Joined: 07-08-2007
Posts: 60,628
他們擔心大毛西班牙男子雪茄的呼吸。你就沒事了 ！
z6joker9 Offline
#4 Posted: Wed, Jan 18 2012, 8:31 AM EST
Joined: 10-18-2011
Posts: 5,902
Don't put too much into it. Thanks to their population control, their labor force is aging quickly, and quality of living improvements mean lots of them will live long past working age. When the labor force starts to retire, the much smaller labor force that follows is going to be very strained to take care of them. Think of the long term concerns of Social Security but on steroids.

That, and China only holds about 8% of US debt.

Not that this thread was meant for serious discussion...
bloody spaniard Offline
#5 Posted: Wed, Jan 18 2012, 9:50 AM EST
Joined: 03-14-2003
Posts: 43,802
z6joker9 wrote:
Don't put too much into it. Thanks to their population control, their labor force is aging quickly, and quality of living improvements mean lots of them will live long past working age. When the labor force starts to retire, the much smaller labor force that follows is going to be very strained to take care of them. Think of the long term concerns of Social Security but on steroids.

That, and China only holds about 8% of US debt.

Not that this thread was meant for serious discussion...




No, please, Z6. I want to learn more. Other than the anecdotal (and pejorative), I know very little about them.

Besides, I'm not sure how to take ZRX's post (LOL) ... and yes, Jack, they were ****ting on marble floors and riding bikes in drab colored clothes just a generation or two ago. How times change.
ZRX1200 Offline
#6 Posted: Wed, Jan 18 2012, 9:57 AM EST
Joined: 07-08-2007
Posts: 60,628
Translation:

they fear large hairy Spanish men with cigar breath. you'll be fine!
bloody spaniard Offline
#7 Posted: Wed, Jan 18 2012, 10:00 AM EST
Joined: 03-14-2003
Posts: 43,802
ThumpUp (that's what she said)
DrMaddVibe Offline
#8 Posted: Wed, Jan 18 2012, 10:27 AM EST
Joined: 10-21-2000
Posts: 55,498
z6joker9 wrote:
Don't put too much into it. Thanks to their population control, their labor force is aging quickly, and quality of living improvements mean lots of them will live long past working age. When the labor force starts to retire, the much smaller labor force that follows is going to be very strained to take care of them. Think of the long term concerns of Social Security but on steroids.

That, and China only holds about 8% of US debt.

Not that this thread was meant for serious discussion...



and the fact that they've been maniupilating their currency and faking their GDP with forced building like the empty cities they're putting up all over the place AND the internet is closely monitored and filtered and yeah you about called it!whip
bloody spaniard Offline
#9 Posted: Wed, Jan 18 2012, 11:07 AM EST
Joined: 03-14-2003
Posts: 43,802
I don't refute that. I've seen the empty office space - irony is that their factory workers are crammed 4 to a tiny apartment & paid a pittance ($3/day vs. $66/day for their Western equivalent).

Having said that, why is it predicted that their economy will overtake ours in a few years?
DrMaddVibe Offline
#10 Posted: Wed, Jan 18 2012, 11:08 AM EST
Joined: 10-21-2000
Posts: 55,498
bloody spaniard wrote:
I don't refute that. I've seen the empty office space - irony is that their factory workers are crammed 4 to a tiny apartment & paid a pittance ($3/day vs. $66/day for their Western equivalent).

Having said that, why is it predicted that their economy will overtake ours in a few years?



They hired a better publicity agent?Frying pan
z6joker9 Offline
#11 Posted: Wed, Jan 18 2012, 11:23 AM EST
Joined: 10-18-2011
Posts: 5,902
Every decade there is a different threat to taking over the US's #1 position. And unknown factors could still cause that. But heavy sustained growth is difficult. Something aways put a strain on it, such as the factors I mentioned before. Currently the US economy is almost 3x the size of China's. It will take more than a few years to bridge that gap, assuming they don't run into road blocks (they will).

For an elegant explanation on why extrapolating is flawed, see: http://imgs.xkcd.com/comics/extrapolating.png
dstieger Offline
#12 Posted: Wed, Jan 18 2012, 11:50 AM EST
Joined: 06-22-2007
Posts: 10,889
z6joker9 wrote:
Don't put too much into it. Thanks to their population control, their labor force is aging quickly, and quality of living improvements mean lots of them will live long past working age. When the labor force starts to retire, the much smaller labor force that follows is going to be very strained to take care of them. Think of the long term concerns of Social Security but on steroids.


Been hearing same things about Japan, Australia, Europe, etc. for years...still concerns me, but I don't see it becoming a massive economic crisis....gotta think that collective 'entitlement mentality' will fissure a bit and people will be willing to work into their late 60's or early 70's....if they can find employment

I also think that China may be conciously stashing billions of unemployed and underemployed people in the boonies with the express purpose of beefing up the labor pool as needed to support the FOGS.....also, "long past working age" probably means something very different in a country that didn't get accustomed to fat retirements at 55 like ours has
DrMaddVibe Offline
#13 Posted: Wed, Jan 18 2012, 12:08 PM EST
Joined: 10-21-2000
Posts: 55,498
They can (AND HAVE!!!) at will start arresting people for jaywalking...not buttoning their jackets all the way to the neck and toss them in a kangaroo court that imprisons them for 18 months...once there they're making size 10 tennis shoes that get exported.

THAT'S a hell of a manpower resource...look for the Union label!Applause
Stinkdyr Offline
#14 Posted: Wed, Jan 18 2012, 1:24 PM EST
Joined: 06-16-2009
Posts: 9,948
Ni hao gweilo.

Herfing
DrMaddVibe Offline
#15 Posted: Wed, Jan 18 2012, 2:36 PM EST
Joined: 10-21-2000
Posts: 55,498
I'll take "Nations that have favored nation status" for $500.00 Alex.
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