Stalins Organ Posted May 9, 2011 Share Posted May 9, 2011 As the article says - the roles are reversed - usually it is the "rich" nations concerned about the economy of "poor", but with china holding perhaps $2 trillion in US debt, andy collapse of the $ would hit the value of their savings pretty hard. so any hint that the US may default on any part of its sovereign debt (as mentioned in the article) is quite a concern to them. Also if the Chinese are in this positin perhaps it is time to drop the fiction that they are a "devloping" country??!! 0 Quote Link to comment Share on other sites More sharing options...
gunnergoz Posted May 9, 2011 Share Posted May 9, 2011 This will only continue over time...eventually we will be the tail of the dog, given the US debt ratios and the Chinese' economy potential to grow over time. The question is, can the planet's ecology support billions of Chinese aspiring to an American standard of living and consumption? 0 Quote Link to comment Share on other sites More sharing options...
dieseltaylor Posted May 9, 2011 Share Posted May 9, 2011 Fortunately the Chinese have a history of needing to be frugal so despite them liking bling and everything else there is a practical streak that means the Govt is seen to be be necessary to regulate the country. Hopefully this can filter down a generation or two more. 0 Quote Link to comment Share on other sites More sharing options...
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