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!