The capitalist system has not failed. There is still too much government intervention. Having any government trying to find ways to save a company is like using the the Postal Service instead of FedEx. Same goes with future of health care...you want the post office type people giving you your health care? BO plans to do that.
China makes junk for us to buy because we contract with them to make stuff as cheap as possible. If we design and monitor better the products we wish to sell and as accept the cost will be more. Then China can make good stuff too. Japan went through this. Look at them today.
The Chinese and the PRC has been good partner so far. Our companies and theirs have had good working relationship. We need to build on that. Not tear it down.
I head: Center of International Understanding. It is small & poor group that is interested in sifting over the facts to make sense of world events. The WB has some good research. China has been presented with internal opportunities because of problems in world markets. How it spends its pile of cash will decide its future. Not just China Govt.. but for its people.
The investment that China is making is one that could be linked to longterm growth if done in a wise manner. It is like the US Eishenhower Interstate System and could produce a simlar result.
Tony makes good question. The amounts we use in Wall Street Speak are in dollars. But, the ones used inside China are of course Chinese Yuan. (today 6.83 Yuan to 1 dollar). That means if well spent. they can get lots of action for their money. But, often the communist system waste as much money as it spends. Our govenment waste as much as theirs does. But, our system of building makes dollars or Yuan's go much further and work harder.
My plan will be work well with what China is doing at home. It will make the company a few extra billion.
China Cracks the Aircraft Market [View article]
China makes junk for us to buy because we contract with them to make stuff as cheap as possible. If we design and monitor better the products we wish to sell and as accept the cost will be more. Then China can make good stuff too. Japan went through this. Look at them today.
The Chinese and the PRC has been good partner so far. Our companies and theirs have had good working relationship. We need to build on that. Not tear it down.
A Must-Read Report on China [View article]
China’s $585 Billion Renovation [View article]
Tony makes good question. The amounts we use in Wall Street Speak are in dollars. But, the ones used inside China are of course Chinese Yuan. (today 6.83 Yuan to 1 dollar). That means if well spent. they can get lots of action for their money. But, often the communist system waste as much money as it spends. Our govenment waste as much as theirs does. But, our system of building makes dollars or Yuan's go much further and work harder.
My plan will be work well with what China is doing at home. It will make the company a few extra billion.