Quote:
Originally Posted by tksensei
If Americans started saving a lot right now the economy would completely tank and take down China and the rest of the world with it.
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not really, if you listen to what the Chinese want, they actually want the American to start returning their money. To make their point clear to Obama, They actually sold US bond for a couple of month!
China is well aware it has the domestic market to keep growing, it export to US is not as large as most assumed and can be easily absorbed by stimulus which the Chinese has no lack of money to achieve.
there are those who have repeated US would tanked if American start saving yet back with no reasoning, believing purely in the words of economist that cause this crisis, and ignoring the fact that the banks they are working for is benefiting from this debt; surely have the intentions of economist been considered?
Quote:
Originally Posted by LightningSaix73
On the whole they have a ways to go in the in USA we have a ratio 6/10 for car ownership, and in china its 2/100. I know cars isn't what makes a country a superpower. However Its a convenience that is worth noting.
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there is 200 million car in China. This year, China now sell more cars then US, replacing it as the world largest car market, including electric hybrid vehicles. the claim of 2/100 is fairly out of touch with the reality of China which is approaching 2/10.
at the rate it is going, in a year or two, it would exceed US 230 million cars population. and there is a good reason why chinese carmaker stock jump 200%.
furthermore, China is investing heavily on mass transit, I believe the future is not in Cars, but effective cities where you can go anywhere you want in 20 mins without even needing to look for a parking spot. so you are quite right that convenience is what would win the day; only that Cars are no longer a conveniences!