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Goose
19th January 2012, 13:40
A bit random and quite a complicated subject but....

Most people don't know this but China are setting the rest of the world up to crash heavily.

Everything is produced in China... (most things) and they sell to the rest of the world...

It's all about "trade" not currency value.

China give us 22 TV's... we give them something in return. What do we have to offer China in way of trade? Next to nothing.

We don't manufacture anything hardly any more so we have nothing to offer them. Sterling is of no use to China, what would they spend it on?

China is so overpopulated they will always be able to manufacture things at the lowest prices.

We buy lets say... 40 inch Sony HD tv from china for £100 and then we sell it for £400.

China tomorrow could in effect charge tenfold what they do today and then what would we do? Make it ourselves? It would cost more for the consurmer as costs are far higher in UK due to people not being willing to work for peanuts etc.

What they are doing now is buying all of the worlds raw materials and minerals etc so that in a few years it will be nyon impossible for us to turn independant again.

There are sooo many other things that China are doing behind closed doors, China are currently letting the west get great deals as the longer we keep buying from them the more we depend on them.

The west are being backed into a corner and China are waiting to block us in.

These are facts.

This link is a very good read.

http://www.abovetopsecret.com/forum/thread476206/pg1

0rang3peel
19th January 2012, 13:44
you think a race that can't even see properly are going to rule the world?

McGuire86
19th January 2012, 13:44
They are the most powerful country in the world, they took that title from the USA years ago

Goose
19th January 2012, 13:46
They are the most powerful country in the world, they took that title from the USA years ago

Incorrect. USA still top it.

MiniGibbo
19th January 2012, 13:51
USA are top of the food chain.

And China are set to fall in the next twenty years.. Theyres so many "middleclass" there now and all the cheap labour is the poor, what happens when they refuse to work for pennys and want similar money to the "middle class" guy next door..

McGuire86
19th January 2012, 13:53
Incorrect. USA still top it.

How so ?

Goose
19th January 2012, 13:55
USA are top of the food chain.

And China are set to fall in the next twenty years.. Theyres so many "middleclass" there now and all the cheap labour is the poor, what happens when they refuse to work for pennys and want similar money to the "middle class" guy next door..

Lets say 100 people work for nike sewing footballs in a fsctory.. and they say "hang on, i want a pay rise etc"

They will just sack them and get another 100 out of the millions who would give there left chopstick just to have a job.

China will always have a poor standard of living due to overpopulation and countless amounts of people willing to work for pennies.

Goose
19th January 2012, 13:55
How so ?

deeks:

http://www.sublimeoblivion.com/2011/01/16/top-10-powerful-countries-2011/

Giraffe
19th January 2012, 14:00
What would happen if China moved to democracy?

Goose
19th January 2012, 14:03
China have the west by the balls.

And no country is stupid enough to try and challenge them as they are scared of the possible repercutions.

The implications if China turn nasty (which they will) will be most things we buy would double in price.

We could try and start making things again, but it isn't cost effective therfor we would still be paying double what we are now for the same items.

Maggie Thatcher FTL!

Goose
19th January 2012, 14:06
USA are top of the food chain.

And China are set to fall in the next twenty years.. Theyres so many "middleclass" there now and all the cheap labour is the poor, what happens when they refuse to work for pennys and want similar money to the "middle class" guy next door..

Lets say that does happen then... its still going to have a huge knock on effect for the west.

If they get paid more then it costs more for production, and its the consumer that pays the price.

qrty
19th January 2012, 14:09
What they are doing now is buying all of the worlds raw materials and minerals etc so that in a few years it will be nyon impossible for us to turn independant again.

We will just stop supplying them with raw materials! They aren't stock piling any just using what they need! They have little resources left and rely on the rest off the world to supply them! :y:

We still have them by the balls! :homme:

Goose
19th January 2012, 14:12
For now lol... 20 years time though...

qrty
19th January 2012, 14:15
For now lol... 20 years time though...

Why are we bothering talking about this now?

Lets do what generations before us have done? Ignore shit until its staring us in the face! :homme:

Goose
19th January 2012, 14:17
Because we cant keep burying our head in the sand pretending problems aren't there.

The shift of power will happen within our lifetime, the more people who are aware of the situation the better imo.

Just like most people didnt know Labour borrowed £1 in every £4.

We ignored that... now look at us.

holdawayt
19th January 2012, 14:23
Oh god, using "Above top secret" as your source of facts? You may as well use the Daily Mail.

The amount of derranged conspiracy theorists on that joke of a website is staggering. They will literally blame the government for anything.


If China take over the world and I'm forced to live by their rules, so be it. I've always liked motorbikes.

Pieface
19th January 2012, 14:25
So, we'd follow China's rule instead of USA's? Sounds better to me..

Piggie
19th January 2012, 14:26
Tbh your right but no communist power will rule the world.

Nukes would be flying before that happened

As a country there powerful. Huge population, Low pay etc.

But there education. Quality of military is poor.

USA + Eurozone would win that battle :y:

Giraffe
19th January 2012, 14:28
Tbh your right but no communist power will rule the world.

Nukes would be flying before that happened

As a country there powerful. Huge population, Low pay etc.

But there education. Quality of military is poor.

USA + Eurozone would win that battle :y:

Wouldn't just be USA + Euro vs China though, North Korea and probably a lot of the Arab states like Iran and Pakistan may involve themselves. Not sure who Russia would side with either, probably China...

Goose
19th January 2012, 14:29
Plus they dont work tuesdays :P

Manu
19th January 2012, 14:32
You forgot one small detail: China has built itself for the past decade on debt. They now owe trillions. As in shoot yourself in the foot.


China have the west by the balls.

nope, everyone is in deep shit.

Piggie
19th January 2012, 14:35
Wouldn't just be USA + Euro vs China though, North Korea and probably a lot of the Arab states like Iran and Pakistan may involve themselves. Not sure who Russia would side with either, probably China...

South Korea would keep North busy.

Whilst India fight for us against the arabs.

Russia would probably tilt it.

But as ive said nukes would be flying at which point it doesnt matter.

Who cars who rules in a nuclear winter?

Giraffe
19th January 2012, 14:36
South Korea would keep North busy.

Whilst India fight for us against the arabs.

Russia would probably tilt it.

But as ive said nukes would be flying at which point it doesnt matter.

Who cars who rules in a nuclear winter?

That's the big one. Life wouldn't survive a nuclear winter I doubt... Don't they think that's what caused the last mass extinction?

KamRacing
19th January 2012, 14:59
Why panic. China has been clever in controlling its currency value to get a successful export market going. Its now very rich as a nation. It still needs the west to buy its goods so all is not rosy as the western markets crash. They are now opening up their money markets, but they are investing heavily in western businesses as well.
There is a shift going on gradually. As China becomes richer and the west poorer, it will start importing more goods with its cash. There will be a shift in world economics along with India. Things will get better with how it treats workers but even countries like Germany has got very powerful by capping wages and working with unions to keep wages low but also treat the staff very well in other areas.

Barry123
19th January 2012, 15:12
USA are top of the food chain.

And China are set to fall in the next twenty years.. Theyres so many "middleclass" there now and all the cheap labour is the poor, what happens when they refuse to work for pennys and want similar money to the "middle class" guy next door..

Make them disappear tiananmen square style :cool:


But there education. Quality of military is poor

Steady. There education levels are rising super fast in asia, specifically china. The amount of Chinese students at my university and others around the country goes to show that China aren't fucking about and just riding on a crest of exports. These guys are building up a force of well educated, doctors, lawyers, business people and above all, engineers. China started by building stuff that other people designed but didn't want to make in their country - rather smartly they educated subsequent generations, to the point now where china can design and build whatever the hell it likes (civil and military). If anything (aside from their slightly iffy human rights record) they should be looked at as an inspiration. Work hard, reap rewards. We've been fat and lazy, and focused on the bullshit services industry to fund our ways.

We need to go back to inventing and engineering the fuck out of things.

Piggie
19th January 2012, 15:25
Make them disappear tiananmen square style :cool:




Steady. There education levels are rising super fast in asia, specifically china. The amount of Chinese students at my university and others around the country goes to show that China aren't fucking about and just riding on a crest of exports. These guys are building up a force of well educated, doctors, lawyers, business people and above all, engineers. China started by building stuff that other people designed but didn't want to make in their country - rather smartly they educated subsequent generations, to the point now where china can design and build whatever the hell it likes (civil and military). If anything (aside from their slightly iffy human rights record) they should be looked at as an inspiration. Work hard, reap rewards. We've been fat and lazy, and focused on the bullshit services industry to fund our ways.

We need to go back to inventing and engineering the fuck out of things.

Fair point.

But with a population their size the majority are still under educated.

80% (guess) of their population know nothing else but how to field rice or pull a lever.

All of ours are educated. If they where that smart they take our teachers to China instead of sending their students over here lol.

But your last point is totally right. What happened to the British Empire? Slaves and chains is abit much but whats wrong with how our industry was?

Goose
19th January 2012, 15:32
Our main export is insureance and financial services.

Alot of chiniese students come hear and then relay it all back to china...

They want to know how we work and speak the language.

China DO NOT LIKE people from other countries learning their language and gain understanding of there plans.

Barry123
19th January 2012, 15:34
Fair point.

But with a population their size the majority are still under educated.

80% (guess) of their population know nothing else but how to field rice or pull a lever.

All of ours are educated. If they where that smart they take our teachers to China instead of sending their students over here lol.

But your last point is totally right. What happened to the British Empire? Slaves and chains is abit much but whats wrong with how our industry was?

UK Governments from the 60's onwards thought manufacturing wasn't the way to go. wankers.

That split between the educated and the not-so-well educated it what gives china it's edge. The uneducated, make the products and get paid a grain of rice a day, the educated design the stuff the uneducated build.

Goose
19th January 2012, 15:38
Lets all move to china nanananana!

If you can't beat em, join em!

Barry123
19th January 2012, 15:40
Our main export is insureance and financial services.

Alot of chiniese students come hear and then relay it all back to china...

They want to know how we work and speak the language.

China DO NOT LIKE people from other countries learning their language and gain understanding of there plans.

eh? you make it sound like spy games.
I work alongside chinese people all day. I can almost count to ten in mandarin - go me.

They're not planning to take over the world, the ruling elite certainly want china to flourish, but take over the world... naaa. The people are nice and friendly, and those here are not happy about the censorship in china, so I doubt they want to support to the death a regime they inherently don't like. All they want is decent education so they can get a job and income their parents could only dream of.

Goose
19th January 2012, 15:45
Most of the British populatution dont agree with our government but they do stuff anyways.

So i think it will all be down to the type of leader who is in charge at the time.

Piggie
19th January 2012, 15:46
Really who cares?

Where all little fish in this massive pond called Earth. What can we do?

Whatever happens happens. An English or a Chineseman can rule for all i care.

As long as its not Ed Milliband. Wet bastard

MiniGibbo
19th January 2012, 15:47
Really who cares?

Where all little fish in this massive pond called Earth. What can we do?

Whatever happens happens. An English or a Chineseman can rule for all i care.

As long as its not Ed Milliband. Wet bastard

LOL :clapping:

Goose
19th January 2012, 15:48
Really who cares?

Where all little fish in this massive pond called Earth. What can we do?

Whatever happens happens. An English or a Chineseman can rule for all i care.

As long as its not Ed Milliband. Wet bastard

hahaa, just spat my drink out!

saxo_singh
19th January 2012, 15:52
you think a race that can't even see properly are going to rule the world?

lmaooo!!!!!!!!!

e8_pqck
19th January 2012, 15:52
As china's economy develops they will have their own market and huge economy and sell within itself - a billion people is a big market place.

Plenty of chinese people buying US homes and real estate all ready.

i wouldn't worry about the communist thing, the chinese have always been chinese first despite their political setup - they are the oldest civilisation in the world, let's not forget that.

There are no major players in the oil industry that are chinese, or asian.

Bu yes, we need to start engineering and manufacturing things again.

At present, all the UK/US firms in china send the money through their respective expat nations, so we do cream alot off them. however, it just serves to teach them how to make and design things so we will see a shift, that is certain.

Piggie
19th January 2012, 15:56
hahaa, just spat my drink out!

Im no tory but seriously. That man the head of the Labour party is a shambles.

Id take slit eyes and a 4 1/2 inch nob over him as PM anyday :y:

Goose
19th January 2012, 15:58
Im no tory but seriously. That man the head of the Labour party is a shambles.

Id take slit eyes and a 4 1/2 inch nob over him as PM anyday :y:

Cameron has hidden intentions and would never trust him - But he has the mental strength that is needed to be a PM.

Milliband has better intentions but doesnt have the mental strength or direction needed for a PM.

I will vote for whoever lowers fuel duty.... so nobody.

Piggie
19th January 2012, 16:01
Cameron has hidden intentions and would never trust him - But he has the mental strength that is needed to be a PM.

Milliband has better intentions but doesnt have the mental strength or direction needed for a PM.

I will vote for whoever lowers fuel duty.... so nobody.

I vote UKIP.

Wish more peopl did. It might work.........

MiniGibbo
19th January 2012, 16:02
Leaving europe would be Camerons greatest act as PM.

holdawayt
19th January 2012, 16:05
Cameron has hidden intentions

How do you know? They're hidden.

Goose
19th January 2012, 16:06
Got an invisibility cloak innit bro... I snuck in to No. 10, fed his cat. Then went into his brainz... He wants to cut benifets for people recovering from cancer.. but thats public knowledge!

logic_guy
19th January 2012, 16:23
I buy a double bed for £300 inc a mattress... I would had thought it would cost that in materials/ wages/ electric to run the factories for the machine to make 1 bed that takes 10 minutes and made by a robot... Hence i'd get it made in China

If i owned a big company, i would have my call center in England. I wouldn't go to India or some shit place like that. I want my customers to know we understand them and their frustration.

holdawayt
19th January 2012, 16:27
I think you need to stop reading into conspiracy theories and just go with the flow.

Honestly. I looked into the whole 9/11 thing for weeks and weeks. Determined to blame the government for the attacks. I really wanted to believe that there was some sort of conspiracy there.

But I got so obsessed with it I started to miss out the facts and only concentrate on what I or others had speculated. Once you start looking into facts instead of "apparently"'s you'll stop caring so much and realise no matter how much research you do, or how sure you are that something's going on, you won't change a thing.


Grant me the serenity to accept the things I cannot change,
Courage to change the things I can,
And wisdom to know the difference.

holdawayt
19th January 2012, 16:28
Sorry for going off topic there. We just seem to have a lot of tin foil hat wearers on this forum...

:)

KamRacing
19th January 2012, 16:38
I made a whole tin foil suit once but it ripped when I sat down for a poo





......thats when the alien lizards got me......

Granty312
19th January 2012, 20:20
Technology would be insane!

Ashleyp
21st January 2012, 10:26
To the OP: do you actually study any form of macro economics? or do you just read unaccredited resources and assume them to be emperical?

Whilst some small truth in it, that article you posted is mostly uneducated B.S. To make just one point, Chinas Middle class is still a vast minority of their state, and thus they can not support themselves economically as they'd have no consumer market if the world were to shun them.

China have been very clever though in some respects, they've bought a vast amount of monetary reserves from various states around the world, which is slowing economic growth globally. It's expected to be 2042 when china takes over the USA as the state with the most GDP, with India Brazil and Russia also climbing the ladder rapidly.

In a couple hundred years or so, China will face the current economic problems we do. Once the middle class rises, the consumer market will increase, but you'll struggle to find cheap labour, and thus the rest of the world prospers again... it's just the cycle we live in.

Mezza
22nd January 2012, 21:22
Even if this was true, what are a load of people on a saxo forum going to do about it?
Rev our engines at them til their deaf?

logic_guy
22nd January 2012, 21:40
To the OP: do you actually study any form of macro economics? or do you just read unaccredited resources and assume them to be emperical?

Whilst some small truth in it, that article you posted is mostly uneducated B.S. To make just one point, Chinas Middle class is still a vast minority of their state, and thus they can not support themselves economically as they'd have no consumer market if the world were to shun them.

China have been very clever though in some respects, they've bought a vast amount of monetary reserves from various states around the world, which is slowing economic growth globally. It's expected to be 2042 when china takes over the USA as the state with the most GDP, with India Brazil and Russia also climbing the ladder rapidly.

In a couple hundred years or so, China will face the current economic problems we do. Once the middle class rises, the consumer market will increase, but you'll struggle to find cheap labour, and thus the rest of the world prospers again... it's just the cycle we live in.

What Do you study at Uni Ash? This makes total sense :fcuk:

Ashleyp
22nd January 2012, 22:19
What Do you study at Uni Ash? This makes total sense :fcuk:

Majoring in NBA2K12.

Business/economics and shiz, I prefered last year though, my modules were based around macro economics / relation of politics to business & economics / the global context of business etc.
This year it's more micro-economics / day to day runnings; marketing / operations / business psycology/ management accounts blah blah.

Moz_Quiksilver
23rd January 2012, 07:09
Oh well worlds going to end in December anyway lol :p


Sent from my iPhone 4 using Tapatalk

holdawayt
23rd January 2012, 08:49
Oh well worlds going to end in December anyway lol :p


Sent from my iPhone 4 using Tapatalk

Nah it ain't.

Sent from my keyboard using my Fingers.

Manu
23rd January 2012, 09:20
lol at phone signatures.

Sent from a shitty old pentium one with a 2 gig hard drive.

JoshFurioBrookes
24th January 2012, 00:21
To the OP: do you actually study any form of macro economics? or do you just read unaccredited resources and assume them to be emperical?

Whilst some small truth in it, that article you posted is mostly uneducated B.S. To make just one point, Chinas Middle class is still a vast minority of their state, and thus they can not support themselves economically as they'd have no consumer market if the world were to shun them.

China have been very clever though in some respects, they've bought a vast amount of monetary reserves from various states around the world, which is slowing economic growth globally. It's expected to be 2042 when china takes over the USA as the state with the most GDP, with India Brazil and Russia also climbing the ladder rapidly.

In a couple hundred years or so, China will face the current economic problems we do. Once the middle class rises, the consumer market will increase, but you'll struggle to find cheap labour, and thus the rest of the world prospers again... it's just the cycle we live in.

Your posts are always in depth, and tend to hurt my brain, I couldn't say if they are right or wrong, I have absolutley no idea and most probably never will, but they are always quite interesting!

Moz_Quiksilver
24th January 2012, 20:29
Nah it ain't.

Sent from my keyboard using my Fingers.

Yeah probably not. But until then I'll keep my "tinfoil hat" close to hand


Sent from ya mams bedroom using my dick

holdawayt
24th January 2012, 20:39
Yeah probably not. But until then I'll keep my "tinfoil hat" close to hand


Sent from ya mams bedroom using my dick

Fantastic reply. Make sure the person you give that out to actually has a mom before using it chap. Grow up.

Mochachino
24th January 2012, 20:58
What is it with people thinking they know more than the rest of the world about a certain country or something.

sarajayne22
24th January 2012, 21:00
It's not surprising, they have been planning it for years!

Heliosphan
25th January 2012, 22:08
........To make just one point, Chinas Middle class is still a vast minority of their state, and thus they can not support themselves economically as they'd have no consumer market if the world were to shun them.

In a couple hundred years or so, China will face the current economic problems we do. Once the middle class rises, the consumer market will increase, but you'll struggle to find cheap labour, and thus the rest of the world prospers again... it's just the cycle we live in.

You make some solid points although I'm not sure that I'd describe China's middle class as a vast minority. It clearly depends on how broadly defined the criteria is but pretty much every article I've read describes them as a burgeoning group which is proven by all manner of statistics, not least the rapid expansion of China's cities. They can't throw houses up fast enough in some areas.

On a slightly different topic, there was an article about a month ago where some Chinese political bod was criticising the EU. Interestingly, he actually apportioned part of the blame for the mess Europe is in on European Employment Law. A tacit accusation of lazyness if ever there was one. But this, coming from a man whose own country's proletariat has little or no rights, enjoy shit conditions and pay, child labour and on-site employee dorms or such like.

Become more like China?

In reponse to the OP, I think the only possible way we can avoid a hammer and sickle being emblazoned across the Union flag any time soon is to mobilise a strict and solid boycott of all Chinese manufactured goods............actually abandon that idea.

Manu
26th January 2012, 09:01
Herro shitty walk, may I tek youwr owrder prease

Ashleyp
26th January 2012, 09:15
And China are set to fall in the next twenty years.. Theyres so many "middleclass" there now and all the cheap labour is the poor, what happens when they refuse to work for pennys and want similar money to the "middle class" guy next door..

20 years? where is that 'fact' coming from? times that by around 10, and you'll have a more realistic timeline.

You can also see by the pic below, theres still little middleclass there

You make some solid points although I'm not sure that I'd describe China's middle class as a vast minority. It clearly depends on how broadly defined the criteria is but pretty much every article I've read describes them as a burgeoning group which is proven by all manner of statistics, not least the rapid expansion of China's cities. They can't throw houses up fast enough in some areas.

On a slightly different topic, there was an article about a month ago where some Chinese political bod was criticising the EU. Interestingly, he actually apportioned part of the blame for the mess Europe is in on European Employment Law. A tacit accusation of lazyness if ever there was one. But this, coming from a man whose own country's proletariat has little or no rights, enjoy shit conditions and pay, child labour and on-site employee dorms or such like.

Become more like China?

In reponse to the OP, I think the only possible way we can avoid a hammer and sickle being emblazoned across the Union flag any time soon is to mobilise a strict and solid boycott of all Chinese manufactured goods............actually abandon that idea.

Fair point, maybe vast was a little extreme. However, this graph was taken from a UK govt report on china's economic growth and relation to the UK economy:

http://i149.photobucket.com/albums/s47/ashleyprigmore/china.jpg

Whilst a vast minority 7 years back, things would have changed by a substantial amount, however the majority of the country at this time would still be poor / lower aspirant.

As you can see, in 2005 - around 5% of the population was concidered 'well off'.

I should also mention in relation to the post about 'China having us by the balls' that Chinas GDP actually fell in the last quarter down to 8.9%. Although still good growth, one of the reasons for the decline is because of a troubled export market, ie; the western world is in economic trouble and so, China has little places to sell its goods.
The other and more prominent reason for the growth is that China's economy is expanding to rapidly, and they've changed their monetary and fiscal policies to reduce the growth and try and hold it at a more sustainable rate.

In short, yes; China is a massive power in the world, but no, they don't have us 'by the balls' as you put it.

Rapid growth often brings more problems than benefits - example: USA, 1929.

Heliosphan
26th January 2012, 15:26
Thanks, those are interesting stats.

I say interesting because I'd still be curious as to how the bandings have been assessed. I assume on income, but at what levels? More pertinently, how do these incomes compare in relation to the price of health care or to say a loaf of bread? In other words, what does 'poor' actually mean? Peasantry poor? House prices are pretty fluid but does being lower-aspirant mean that you'd struggle to buy a house in the city at the present time? Those would be the type of things I'd be interested in. I think, whilst information like this is useful and can be useful to back up a point (as you have), it isn't necessarily useful in isolation. If there's an easily accessible link to more detail, I'd be interested to see it.

You're right about government policy. You could actually break it down into specifics like the housing market for instance which I know they've reined-in. Lending restrictions, high value property taxes and even limits on how many properties a person can buy will dampen the market. Once that slows, the knock on effect into other areas of the economy is fairly guaranteed. I'm not sure that I agree with some of the measures but then again, things like taxing the rich and using the proceeds to build affordable low value, state subsidised homes for the 'poor' is classic socialist policy.

Ashleyp
26th January 2012, 16:25
Thanks, those are interesting stats.

I say interesting because I'd still be curious as to how the bandings have been assessed. I assume on income, but at what levels? More pertinently, how do these incomes compare in relation to the price of health care or to say a loaf of bread? In other words, what does 'poor' actually mean? Peasantry poor? House prices are pretty fluid but does being lower-aspirant mean that you'd struggle to buy a house in the city at the present time? Those would be the type of things I'd be interested in. I think, whilst information like this is useful and can be useful to back up a point (as you have), it isn't necessarily useful in isolation. If there's an easily accessible link to more detail, I'd be interested to see it.

You're right about government policy. You could actually break it down into specifics like the housing market for instance which I know they've reined-in. Lending restrictions, high value property taxes and even limits on how many properties a person can buy will dampen the market. Once that slows, the knock on effect into other areas of the economy is fairly guaranteed. I'm not sure that I agree with some of the measures but then again, things like taxing the rich and using the proceeds to build affordable low value, state subsidised homes for the 'poor' is classic socialist policy.

Yep, fully agree with you on that.

That chart was based upon (iirc) the deemed income needed to sustain a 'middle class' lifestyle, in relation to the rest of the worlds 'middle class'. A very grey area to truly define, but gives relevance to the type of income needed to sustain what they've classed as aspirant living.

I researched it a couple of years back, so will probably still have the report on a memory stick to give you if you'd like.

I've not read too much into China in the past couple of months as i've been busy with other stuff, I did read recently about the slowed growth in housing, and real estate investment down to around 27% iirc?

It seems, from the little i've been reading recently that they've tried to slow the economy down to a more sustainable rate, but in doing so, the rest of the world has been purchasing less from China, and so they now have both domestic and international factors slowing growth considerably.

A lot of people don't seem to comprehend simply how vast China is, Although as you rightly say about the mass sprawling urban cities, someone mentioned earlier about China having a large middle class - yet they'd not cosidered that the population is 1.3bn and a fair amount still live in the countryside, and a lot of them in small huts / shacks.

It'll be interesting to see developments, theyre expecting slow growth again throughout 2012.

Goose
28th January 2012, 11:17
Yep, fully agree with you on that.

That chart was based upon (iirc) the deemed income needed to sustain a 'middle class' lifestyle, in relation to the rest of the worlds 'middle class'. A very grey area to truly define, but gives relevance to the type of income needed to sustain what they've classed as aspirant living.

I researched it a couple of years back, so will probably still have the report on a memory stick to give you if you'd like.

I've not read too much into China in the past couple of months as i've been busy with other stuff, I did read recently about the slowed growth in housing, and real estate investment down to around 27% iirc?

It seems, from the little i've been reading recently that they've tried to slow the economy down to a more sustainable rate, but in doing so, the rest of the world has been purchasing less from China, and so they now have both domestic and international factors slowing growth considerably.

A lot of people don't seem to comprehend simply how vast China is, Although as you rightly say about the mass sprawling urban cities, someone mentioned earlier about China having a large middle class - yet they'd not cosidered that the population is 1.3bn and a fair amount still live in the countryside, and a lot of them in small huts / shacks.

It'll be interesting to see developments, theyre expecting slow growth again throughout 2012.

BISH BASH BOSH. That wraps that up!

Fucking bastien of knowledge :homme:!