Only a hundred years or so ago from the sweat shops of the Industrial Revolution to the cotton fields of the USA we relied on human misery to produce goods at cheap prices and to dump those goods on countries around the globe. Do you think they will have any second thoughts about repaying the favour?
China with its sweat shops has no other option at the moment than to let its huge population and cheap labour give it a foothold in the world economy. There is no way they will pay their workers a decent wage or health benefits etc but in time as they become more established and learn from Hong Kong they will introduce these higher standards of living. There is only so much to go around and this will have a side effect on the economies of Europe and USA.
The USA is already suffering from high imports as is most of Europe and the UK. We don't make things like we used to because we cannot compete. Things will not get better but in time they will get much worse. The UK has to be part of Europe to avoid being sidelined in the future as a small and insignificant country, which against China with its huge population is hardly surprising. The USA, whilst a superpower at present will see its mighty industrial base eroded by China and it will become dependent upon China.
The reason why China will continue to dump on America and Europe is simple. Whilst we pursue our relentless quest for material goods at a cheap price, and whilst importers continue to bring in Chinese goods in large quantities, the bandwagon will continue. One morning we will all wake up and it will be too late.
Now consider this. Europe and USA spends billions in supporting third world countries and massive charities help feed the poor in many nations around the world. As our resources and spending power dwindles and China's population benefits and its wealth grows, do you think that the same level of support will come from the Chinese?
It's a changing world and both Europe and the USA better have a contingency plan!
I really don't think we can object to China trying to muscle in on the global economy in a big way. After all, Europe and USA have capitalised the world's economy in a big way for decades and also rigged it to make sure their companies and trading barriers etc have been protected.
Perhaps now we see the wind of change, the decline of old established economies making way for the new world. It's no good having a go at China, its only trying to do its best for its people. They are going to be the worlds driving economy in a few years time and they will be the most influential and leading country within 50 years. Have no doubt. Nothing that Europe or USA can do to stop this.
There is a new world order coming. You can batten down the hatches and shout as loud as you like but its going to happen. Take a few moments to look ahead - how about 2038. What would the news be like then?
New York Times
China sends troop to quell unress in the Ukraine
China, the world's leading superpower today sent troops into the Ukraine in an effort to contain unrest in the region. The President of the USA in an effort to better relations with the Peoples Republic, offered to support China by contributing a military force that would represent around 20 per cent of the 200,000 troops that China would deploy. Europe as the worlds second largest economy was asked to send its own contingent of rapid deployment divisions.
Meanwhile the Chinese stock market outperformed all expectations as the RMB rose to a new level against the ECU.
Chinese Premier Ying Tso Chang speaking from the Kremlin in Chinese controlled Russia, announced a new council of leaders for the development of trade between Russian and Europe.
Chinese Language is now the most popular choice for schools throughout Europe and reports indicate that English will soon cease to be the most influential and most used language in years to come.
Imagination running wild? Who knows.
From Birmingham UK Com http://www.birminghamuk.com/shop/upload/
