Thread Rating:
  • 0 Vote(s) - 0 Average
  • 1
  • 2
  • 3
  • 4
  • 5
Why China shouldn't scare anyone economically..
#1
It is true that China has experienced phenomenal growth over the past few decades, but what's way overlooked, actually several things, but just a few biggies.. 
When their growth began Chinas demographics were far different than it is now. In the late 70's China had roughly 7.5 people in their workforce to everyone who wasn't. They moved millions upon millions of people from the rural areas, farms and such to the big cities along their Pacific coast and the ratio of those in the workforce has changed drastically to closer to 2:1 instead of 7.5:1 and with the one child policy they had for many years they are in no position to reverse it. Plus nobody with a brain wants to immigrate to China to raise a family. 
Secondly, China is deeply, deeply in debt to itself because of the forced policy of banks making risky loans that will never have a chance of getting repaid..
They have waýyyy to many utterly useless infrastructure projects built, ie: Completely empty cities full of empty shell buildings, bridges, roads and rail lines to nowhere not to mention the fact that the biggest company that makes and sells cigarettes in the entire world is the Red Chinese Army that just happens to be even more corrupt than the Russian debacle.. 
Next time someone cries wolf about the Chinese don't freak out. Those people are basically afraid of their own shadows..  
And don't forget China's revered chairman Mao is still directly responsible for starving over 45,000,000 innocent Chinese civilians to death for the so called "Great leap forward"  He was such a genius he ordered millions upon millions of people to kill as many sparrows as possible so the little birds wouldn't eat all the grain being grown and as a result the grain was instead eaten by the insects that the sparrows would have eaten and THEN had any grain still being grown to be seized by the government and paid to the Soviet government to pay back a then secret deal for machinery and such..  They still make him out to be the greatest leader in the history of the human race.  
In the immortal words of my old man, "Wait'll you get to be my age!"

Chicago sounds rough to the maker of verse, but the one comfort we have is Cincinnati sounds worse. ~Oliver Wendal Holmes Sr.


[Image: 4CV0TeR.png]
Reply/Quote





Messages In This Thread
Why China shouldn't scare anyone economically.. - grampahol - 04-15-2022, 01:08 PM

Forum Jump:


Users browsing this thread: 1 Guest(s)