Originally Posted by goboatingnow
+1. but the advantage is that a lot of what they produce isnt just crap, its OK ( not great ,OK) so buying
OK stuff makes your money
go further and you feel richer. All you are doing or course is sending your money
, But ask people, no washing
machine or an OK Chinese washing
machine, guess what , were interested in cheap
On the back of that the Chinese are cleaning
up. But of course they will suffer teh same issues , a rising middle class that will back foreign goods ( already happening) , and wage inflation as workers are scare.
Of course its all a great experiment
and its controlled economy and a pseudo-capitalism has never been tried before, So far good, but well see , as they say.
have to push off now, buying
some stuff on aliexpress.com !! ( and free postage , how do they do it)
"Of course its all a great experiment" ...That experiment
is over,40 yrs is long enough for them to practice communist ideology at home and world capitalist to the rest of the world,while always manipulating the value of its currency...I hope that cake was good,now that they "are cleaning
up" lets let them compete on the world market with a level playing field,no funky monitery policys,no state-owned businesses with crazy subsidies that always make their products cheaper(in more ways than one)than the rest of the world...If anyone thinks that Henry Kissenger went to China in 71 and said "lets help make China a world power by unfair advantage to america and the rest of the world "and "in 2014 China will dominate the world economy and everyone will be happy for it " is a fool...