Home > Speaker's Corner

Why We Ought To Be Thanking the Chinese

Blueray
22 Jun 04, 16:55

I came across this article while reading FORTUNE magazine a couple of months ago. What do u think of it?

http://www.morganstanley.com/GEFdata/digests/20040312-fri.html
men_@_arms
24 Jun 04, 01:01

hmmm. But Chinese currency is UNDERVALUED because of their policy. This is not to say that the sole reason for them being cost-efficient is this "artificial" currency valuation, as i can imagine some yanky politicians crying out to the fickle 'new Roman' mob in the land of the free.

"Most of all, the world owes a debt of gratitude to China for its commitment to dismantling its state-owned economy. For China, this is the only avenue to sustained prosperity. For other nations, it is an opportunity to tap an enormous market. "

****ing AYE!!

"Nor do we in the West have to worry that China will play unfairly on the road to reform. China's willing accession to the World Trade Organization guarantees that it will be held accountable to a system based on Western rules. "

HAHAH, the fact that the rules are Western is alone worrying. Well basic economic theory is based on selfish desire of economic players.

"No one said globalization would be easy. But in the end, it sure beats the alternatives. Thank you, China, for showing the way. "

I just hope the Chinese won't be like the japs, both in artwork, teenage youth and music; *gasp*

"Lost in the handwringing are the extraordinary benefits that a rapidly changing Chinese economy is bringing to the world - benefits that an ungrateful world should give thanks for. That's especially the case for the U.S. Yes, China accounted for the largest portion of America's record $540 billion trade deficit in 2003. But this deficit was not made in Beijing - it was made in Washington. That's right - courtesy of a runaway federal budget deficit, America has all but depleted its national savings. In order to fund the investment necessary for economic growth, that shortfall of domestic savings must be offset by surplus savings from abroad. The U.S. has no choice other than to run massive balance-of-payments and trade deficits in order to attract foreign capital."

YES! China is aiding the world in its evolutionary move of "De-Westernisation-*cough*-Whitesation" by fighting the profiteering- imperialist-descendent-white-arrogant-sly westerners economically.

Aye. China is good. I love their wet n dry abrasive products and their cheap electronics, their pretty girls, good food (if its not too greasy). But Chinese toy remote control tanks SUCK!
men_@_arms
24 Jun 04, 01:04

But the article left out the invention of the compass, the invention of NOODLES and their present Italian rip-off called Pasta, the invention of SIlk, the invention of the earth-quake sensing device thingy (forgot wot its called), the invention of paper, gunpowder, the earliest form of royalist administration, statesmanship and ideology/philosophy.
ShutterBug
24 Jun 04, 06:59

Oh and they forgot to mention the invention of SARS and for sharing it with the world.
Blueray
25 Jun 04, 21:47

Sometimes I wonder how is it that China and its influence can grow so much in just 25 years? The rest of the asian countries rely so heavily on the Chinese market for economic growth. For example: Japan. In the year 2003, 50% of japanese exports were bought by China. It is the strong demand from Chinese consumers that is driving Japanese growth. As China becomes more affluent, Chinese tourists are now wooed by virtually every country on earth. in France, locals working in branded shops like LV are eagerly learning Mandarin to communicate with Chinese tourists. I wonder what will happen to asia if let say war breaks out between the PRC and ROC. Lee Teng-hui and Chen Shui-bian seem hell bent on declaring Taiwan independence.
[ Neo ]
27 Jun 04, 13:35

Originally posted by Blueray:
Sometimes I wonder how is it that China and its influence can grow so much in just 25 years? The rest of the asian countries rely so heavily on the Chinese market for economic growth. For example: Japan. In the year 2003, 50% of japanese exports were bought by China. It is the strong demand from Chinese consumers that is driving Japanese growth. As China becomes more affluent, Chinese tourists are now wooed by virtually every country on earth. in France, locals working in branded shops like LV are eagerly learning Mandarin to communicate with Chinese tourists. I wonder what will happen to asia if let say war breaks out between the PRC and ROC. Lee Teng-hui and Chen Shui-bian seem hell bent on declaring Taiwan independence.
Oh China will GROW all right...

Among the chaotic changes in economy dependent transition, the common Agricultural-to-Manufacturing model, middle level technology tranfers will be a highly prioritized agenda on the list of Chinese imports.

If we think we are feeling the heat now, wait till the resident PRCs becomes sessioned with their various acquired technology and effectively learns to intergrate, apply, revamp and revolutionize them into more effective and complex versions.

Before the day comes for the population in the main Chinese maunufacturing cities to have people who can function close to our current capabilites, SG must be already be functioning at a level of least one economic curve ahead from them.

Either that, or we go in aggressively in small and sporadic size but high numbers to effectively bypass cities' authorities' actual knowledge of SG firms' actual domestic influence in China.

Suzhou had problems. And one of reason contributing towards that which is beyond our span of control was that the Chinese knew too much about the operations, about the plans, and about the progress of the park as a whole.

They were able to analyse, make plans, and capitalize.