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A Day ...
No, hardly time to throw in the towel, but surely one more (of a jillion) spurs to the press for dramatic change. Today, but one day, 12.21.2005, New York Times biz section, page 1:
"That Blur? It's China Moving Up in the Pack: New Economic Figures Could Put the Nation No.4 Globally."
"Toyota Closes in on G.M.: Signs Point Toward Japanese Maker Being the Top Seller Soon"
"Chinese PC Firm Hires a Dell Executive"
"Ex-Chief of Quest Is Indicted: Federal Charges of Insider Trades"
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Comments
China has moved ahead of the U.K.!!!
A main deal is access to their markets - they must make serving their 1.5 Billion people more easy for true capitalist free enterprise states - viva merchantile fascism hopefully morphing into responsible world citizens and geo political solution seekers.
Posted by Sean at December 22, 2005 9:30 AM
It's a really sad day when the undoubtfully principles of Democracy that we defend in our western countries, are sacrified in tha name of profit.
When shall be start "paying" for our behaivour towards such countries as China ? and even worse, what schall we pay ?
Posted by J.Ballesta at December 25, 2005 7:12 AM
"China has moved ahead of the U.K.!!!
A main deal is access to their markets - they must make serving their 1.5 Billion people more easy for true capitalist free enterprise states - viva merchantile fascism hopefully morphing into responsible world citizens and geo political solution seekers."
When is everyone going to wake and realise that China is another boom-bust phenomenon like Japan in the early 1990's? Right now the gregarious camaraderie sound like those in the bull market of the turn of the century ...
These figures are totally misleading. GNP and non-state investment grow together almost in parity, which should sound warning signals to even the most heartened nationalist. Sure it's a great economy but it's going to "boom-bust" quite a number of times before it turns around. To suggest it overtakes the UK ignores the standards of fiscal reporting available in both of those two countries ...
... most of China is not only most illiquid, it's totally reliant on global performance. The UK's economy is by contrast independent of foreign investment in the same way. Come on, there's even a parameter to whioch one can set inetrest rates in Beijing. Does anyone ever look at the fiscal data?
Posted by Daniel M. Harrison at December 28, 2005 10:44 AM
p.s. Take a look at "When the Chinese Sue the State, Cases are often Smothered" in today's NYT. Can you really say, hand on heart, this is an environment for explosive growth right now, or does it look the like the chink in the armour of another 'booming fad'?
Posted by Daniel M. Harrison at December 28, 2005 10:49 AM