Apparently China is doing the opposite of America. Welcome to bizzaro world. excerpt:
Spoiler!
For starters, Chinese residents typically did not get involved in exotic financial derivatives or purchase Humvee's on credit. Chinese banks, however bloated and inefficient the West tries to paint them, required 20–30% down payments on houses, and two-thirds of all loans are funded by deposits (as opposed to capital markets in the debtor West).
Furthermore:
Household debt in China amounts to roughly 13% of GDP, as opposed to 100% in America.[11]
As shown by the IPO of China Railway, the government remains committed to privatizing state-owned firms. This at a time when many Western governments are nationalizing entire industries.
China continues to implement land reforms.[12] This includes granting land-use rights to peasants, empowering them to lease or transfer land to others — a first in a region that once resembled the collective farms of the Soviet states.
China has begun legalizing short selling and margin trading. In contrast, this past year the West restricted their use or selectively banned them outright in a self-serving manner.
China is opening capital markets through QFII and QDII, lowering real-estate taxes and abolishing others like the stamp tax on home purchases. In addition, Yuan convertibility and capital controls are being relaxed across the region.[13]
China has finally restructured and privatized all of the big national banks. The Agricultural Bank of China (the third largest) recently had its umbilical cord cut and now must sink or swim on its own. This is the opposite of the direction being taken in the West.
Similarly, while the housing bubble deflates, China's political class is not (yet) attempting to prop up the real-estate sector en masse. The Fed and US Treasury are doing everything they can to prevent price deflation by purchasing hundreds of billions in mortgage-backed securities.[14]
The irony. Oh how countries change.
Re: [ARTICLE]Long on China, Short on the United States
Posted: Tue Jan 20, 2009 10:01 pm
by ThatBluePerson
Of course, China will become the new world super power, it was all predictable. Just like it was prophesied, the United States will fall along with the U.K. just like the Roman Empire did and many other powerful civilizations (Egypt, Persia).
The end is near and it will come.
Re: [ARTICLE]Long on China, Short on the United States
Posted: Tue Jan 20, 2009 10:16 pm
by Snoopy
People say it like it's a good thing. I'd so much rather USA the world superpower. Except China buys a lot of Australia's exports (Ore, Coal etc). That would mean Australia would have to try make a good relationship with China and possibly form an alliance with them. damnit
Re: [ARTICLE]Long on China, Short on the United States
Posted: Tue Jan 20, 2009 11:02 pm
by Amarisa
actualy china wont become a supper power in history its always been 2nd even when it had a chance to become a supper power. it will always stay second. wait till there resources become low then they will crash just like every other country.
Re: [ARTICLE]Long on China, Short on the United States
Posted: Tue Jan 20, 2009 11:08 pm
by ShizKnight
Lady_Shadows wrote:actualy china wont become a supper power in history its always been 2nd even when it had a chance to become a supper power. it will always stay second. wait till there resources become low then they will crash just like every other country.
The Spanish probably thought the same of the British prior to 1588.
Re: [ARTICLE]Long on China, Short on the United States
Posted: Tue Jan 20, 2009 11:21 pm
by Reise
The only reason anyone cares is because people still view communists as evil.
They just can't observe China's development in a positive light.
Re: [ARTICLE]Long on China, Short on the United States
Posted: Tue Jan 20, 2009 11:22 pm
by Jstar1
Snoopy wrote:People say it like it's a good thing.
I agree, who the hell wants a communist country to be number one? Even though America has done a lot of bad things in the past, they've done a lot of good too (like the french, we bail their ass TWICE in WWI and WWII and they still think they are the best in the world). I'd hate it if china was number one, they do bad things in africa and put chemical shit in their milk, how much more bad things would they do if they controlled the world?
Re: [ARTICLE]Long on China, Short on the United States
Posted: Tue Jan 20, 2009 11:25 pm
by Reise
Look at it this way, at least then people would have someone else to blame besides the US for all the world's problems.
Re: [ARTICLE]Long on China, Short on the United States
Posted: Tue Jan 20, 2009 11:27 pm
by Snoopy
Reise wrote:Look at it this way, at least then people would have someone else to blame besides the US for all the world's problems.
Sad part is, people will more than likely still blame the US. The US is like the #1 bashed nation. It's quite annoying really.
Re: [ARTICLE]Long on China, Short on the United States
Posted: Tue Jan 20, 2009 11:37 pm
by CrimsonNuker
Jstar1 wrote:
Snoopy wrote:People say it like it's a good thing.
I agree, who the hell wants a communist country to be number one? Even though America has done a lot of bad things in the past, they've done a lot of good too (like the french, we bail their ass TWICE in WWI and WWII and they still think they are the best in the world). I'd hate it if china was number one, they do bad things in africa and put chemical shit in their milk, how much more bad things would they do if they controlled the world?
Re: [ARTICLE]Long on China, Short on the United States
Posted: Tue Jan 20, 2009 11:43 pm
by BlackFox898
ThatBluePerson wrote:Of course, China will become the new world super power, it was all predictable. Just like it was prophesied, the United States will fall along with the U.K. just like the Roman Empire did and many other powerful civilizations (Egypt, Persia).
The end is near and it will come.
Thank god, Canada is covered .
( Mao, and Pierre )
Re: [ARTICLE]Long on China, Short on the United States
Posted: Tue Jan 20, 2009 11:43 pm
by Barotix
idk, I get the vibe that China is Communist in name only. I remember when we we're bailing out [read; nationalizing] companies, I thought to myself; "China is going to be handing out bailouts like water in an aquarium." Jeez, I got that totally backwards. They're privatizing and we're nationalizing. >_>
Re: [ARTICLE]Long on China, Short on the United States
Posted: Wed Jan 21, 2009 12:11 am
by aznronin
CrimsonNuker wrote:
Jstar1 wrote:
Snoopy wrote:People say it like it's a good thing.
I agree, who the hell wants a communist country to be number one? Even though America has done a lot of bad things in the past, they've done a lot of good too (like the french, we bail their ass TWICE in WWI and WWII and they still think they are the best in the world). I'd hate it if china was number one, they do bad things in africa and put chemical shit in their milk, how much more bad things would they do if they controlled the world?
China has faced many hardships that are unbelieveable, around early 1900s, British came over to China and started the Opium War, and made them open up their ports for fcking Opium that drugged more than half the country. British also making them pay reparations. Then on top of that almost all the European nations tried to take parts of China and China was dominated by western influences that they saw Chinese and people that were nothing. There were I believe 8 countries that took control of parts of China. Japan, being one of them, in WWII, invaded China, took their resources, raped the women, used civilians as target practice, treated the people like shyt. Many Chinese people have been in poverty for so long till now. Ip man (2008) can show you an image of what it was like, but the real thing was alot worse. Many Chinese people couldn't be educated, barely had enough to eat. Communism was the result. 1949 I think.
I can't deny what you said, you made valid points, and are true, but everybody is not perfect, if United States stays number 1 good for them, they need to put more effort into to solving global problems, I hope Obama tries to complete some.
China is not a bad nation, but an extremely strong nation that surprisingly is still here. I don't think China would do bad things but yes there are some Chinese that are bad and only want to profit, but aren't some Americans the same?and aren't there also other nations that probably do this but we don't know, Maybe even worse?
As a Chinese, I still hate how there are Americans that look down on us, taking demeaning jobs, looking as if we are hopeless. But there are Americans that still think Chinese people are good people, becoming friends and help one another.
I will not talk about U.S. and the Iraq War, Bush was president.
Reise.. lol? replace those words and put your country there.
Re: [ARTICLE]Long on China, Short on the United States
Posted: Wed Jan 21, 2009 12:22 am
by ShizKnight
Jstar1 wrote:
Snoopy wrote:People say it like it's a good thing.
I agree, who the hell wants a communist country to be number one? Even though America has done a lot of bad things in the past, they've done a lot of good too (like the french, we bail their ass TWICE in WWI and WWII and they still think they are the best in the world). I'd hate it if china was number one, they do bad things in africa and put chemical shit in their milk, how much more bad things would they do if they controlled the world?
Attitudes like this are why foreign nations think Americans are retarded.
Re: [ARTICLE]Long on China, Short on the United States
Posted: Wed Jan 21, 2009 12:29 am
by .Banshee
Oh that is so predictable, America is on the decline and in 20-50 years China will be where the money is at. One question. If the United States fall who would take it's place. China and the United States are practically the only thing that held up the world economy. You know, China produces, America buys, the twin engines of the world. So if the US falls who will take it's place as the other engine. Hardly any country or continent even spends as much money on foreign products as the US does.
Re: [ARTICLE]Long on China, Short on the United States
Posted: Wed Jan 21, 2009 12:35 am
by aznronin
.Banshee wrote:Oh that is so predictable, America is on the decline and in 20-50 years China will be where the money is at. One question. If the United States fall who would take it's place. China and the United States are practically the only thing that held up the world economy. You know, China produces, America buys, the twin engines of the world. So if the US falls who will take it's place as the other engine. Hardly any country or continent even spends as much money on foreign products as the US does.
With Obama as president he said U.S. will recover,something he said in the speech I was forced to watch at school-_-. However some parts were good. So who knows.
Re: [ARTICLE]Long on China, Short on the United States
Posted: Wed Jan 21, 2009 12:35 am
by Barotix
America borrows from China to buy what China produces. I think China can stand firm without America. It is America that needs China. It's like a kid that borrows ten USD from his mom to buy gum from his mom. His mom gets the money back anyway. The global economy is a lot more complicated, but I think that drives the point home.
Re: [ARTICLE]Long on China, Short on the United States
Posted: Wed Jan 21, 2009 12:36 am
by Crowley
Asian pride.
Re: [ARTICLE]Long on China, Short on the United States
Posted: Wed Jan 21, 2009 12:49 am
by .Banshee
Lady_Shadows wrote:actualy china wont become a supper power in history its always been 2nd even when it had a chance to become a supper power. it will always stay second. wait till there resources become low then they will crash just like every other country.
I disagree. In my opinion China has always been #1. Empires have risen and fell, China has not. Ancient Egypt, China was there, Ancient Rome, China was there, Byzantium, Mali, Ottoman, Great Zimbabwe, Czechoslovakia, etc; China was there and it still is here.
Re: [ARTICLE]Long on China, Short on the United States
Posted: Wed Jan 21, 2009 12:58 am
by Reise
aznronin wrote:Reise.. lol? replace those words and put your country there.
I would but I'm not a blind nationalist.
Re: [ARTICLE]Long on China, Short on the United States
Posted: Wed Jan 21, 2009 1:01 am
by Eeece
.Banshee wrote:
Lady_Shadows wrote:actualy china wont become a supper power in history its always been 2nd even when it had a chance to become a supper power. it will always stay second. wait till there resources become low then they will crash just like every other country.
I disagree. In my opinion China has always been #1. Empires have risen and fell, China has not. Ancient Egypt, China was there, Ancient Rome, China was there, Byzantium, Mali, Ottoman, Great Zimbabwe, Czechoslovakia, etc; China was there and it still is here.
Moroccan almohades that took over half spain in 800 to
Re: [ARTICLE]Long on China, Short on the United States
Posted: Wed Jan 21, 2009 2:01 am
by Snoopy
.Banshee wrote:
Lady_Shadows wrote:actualy china wont become a supper power in history its always been 2nd even when it had a chance to become a supper power. it will always stay second. wait till there resources become low then they will crash just like every other country.
I disagree. In my opinion China has always been #1. Empires have risen and fell, China has not. Ancient Egypt, China was there, Ancient Rome, China was there, Byzantium, Mali, Ottoman, Great Zimbabwe, Czechoslovakia, etc; China was there and it still is here.
You said it yourself, it has been around for thousands of years and has never quite risen to the top to have anything to lose. After these thousands of years look where is it on the economy list... 6th.
America on the other hand which became an independent state on July 4th 1776 (Don't know if this is real). Anyway, within those 200 years of being an independent state has never looked back. They have the strongest Military, Economy and just about every other thing there is to be greatest at. Sure, sometimes people think they're better at governing the world than they are at governing their own country. That's life.
Re: [ARTICLE]Long on China, Short on the United States
Posted: Wed Jan 21, 2009 2:10 am
by Midori
aznronin wrote:...I don't think China would do bad things...
I hope your joking.
Re: [ARTICLE]Long on China, Short on the United States
Posted: Wed Jan 21, 2009 2:18 am
by aznronin
X-Lax wrote:
aznronin wrote:...I don't think China would do bad things...
I hope your joking.
hmm.. no wonder I get 80s in english... actually that meant in like cases of high seriousness like epic bad
Re: [ARTICLE]Long on China, Short on the United States
Posted: Wed Jan 21, 2009 2:32 am
by Midori
aznronin wrote:
X-Lax wrote:
aznronin wrote:...I don't think China would do bad things...
I hope your joking.
hmm.. no wonder I get 80s in english... actually that meant in like cases of high seriousness like epic bad
Look up the Cultural Revolution.
Re: [ARTICLE]Long on China, Short on the United States
Posted: Wed Jan 21, 2009 2:36 am
by aznronin
I thought you ment the future
Re: [ARTICLE]Long on China, Short on the United States
Posted: Wed Jan 21, 2009 5:45 am
by TOloseGT
X-Lax wrote:Look up the Cultural Revolution.
look up segregation in america
oh wait, they're all in the past?!?!?! OMG.
china is a very, VERY different country than it was in the 60s. the sooner some paranoid retards realize this, the better.
Re: [ARTICLE]Long on China, Short on the United States
Posted: Wed Jan 21, 2009 6:08 am
by Snoopy
TOloseGT wrote:
X-Lax wrote:Look up the Cultural Revolution.
look up segregation in america
oh wait, they're all in the past?!?!?! OMG.
china is a very, VERY different country than it was in the 60s. the sooner some paranoid retards realize this, the better.
I agree, China has changed. People still consider communism bad and try use that as a reason to look down on China, though like with the Olympics when they needed room to build the Stadiums etc, they simple just demolished homeless peoples "huts" in order for the area to be made of use. I still can't imagine China as world #1 Superpower.
Re: [ARTICLE]Long on China, Short on the United States
Posted: Wed Jan 21, 2009 10:35 am
by Barotix
China is corporatist. Real Communism died with Russia, and is failing in Cuba. As long a China is willing to use capitalism to move forward we can't continue to refer to them as "Communist." In terms of freedom China could easily be considered a statist nation by an outsider [me, snoopy, jstar, reise, etc], but these economic changes are not Communist, socialist, or even egalitarian. China was the most powerful country in the world between ~400 BC to ~1600 AD, but they deemed the rest of the world to stupid to be colonized [the lulz] so they isolated themselves and got left behind only to be torn apart by European Super Powers, and Japan. The very areas they believed were to stupid to be colonized. Ironic. Now the middle kingdom wants it's throne back; maybe this time the rest of the world isn't "to stupid to be taken over."
Re: [ARTICLE]Long on China, Short on the United States
Posted: Wed Jan 21, 2009 11:39 am
by Eeece
china is communist but in different way russia is still communist if they were capitalist then why US hate russia?