gochina

Cramer's Stop Trading! China Saves the World (4/29/09)

I think backtoreality better get off their high horse and get a bit of reality themselves. I have lived and worked in China for over 10 years in retail management for an international company after many years doing the same in North America ( I am not Chinese but married to someone who is btw) and 'reality's' comments only reflect how ignorant they are.

Every single day, I meet Chinese who have more money than they know what to do with and believe me, this country is well on it's way to surpassing the USA for it's standard of living.

Are there poor people here? For sure but maybe the next time you drive around your hometown, you might open your eyes to the amount of beggars standing on street corners asking for money or pushing shopping baskets. In a country that is supposedly the richest in the world ( which it is not ) I am embarrassed and saddened every time I see this

You want to talk about quality? Here owning a GM product is considered an entry level vehicle while most 'poor Chinese' buy BMWs, Toyotas and other finer cars. Here 'made in America' means sub par, old technology and expensive.

As for the comment on refrigerators, another ignorant statement, I have thousands of Chinese friends and all of them have one. The only difference is that they are smaller because Chinese people do not eat frozen junk food and shop for fresh items daily.

BTW, did you say you shop at Walmart? hmmm. say no more



On Apr 30 06:22 PM backtoreality wrote:

> mr quail..
>
> china helping it's citizens to buy?...have you ever been there?<br/>
>
> most of them don't even own a refrig...the only appliance they sell
> in dept stores is a crockpot or fry pan...the PRC considers refrigeration
> to be a waste of electricity...not heat in buildings south of the
> yangtze.
>
> i bought a digital camera, made in china, at walmart in usa for 40
> bucks...the same camera in a china store is 200 and up...the 40 dollar
> camera works...a similar camera with the kodak name is about 130...i
> tried one, and it didn't work.
>
> 90 per cent or better of the chinese population can't afford a camera....much
> less a car...where do you get your info?...from catatonic cramer?
>