China's Stimulus Package: Not What It Appears to Be

[choikyo]

well, compare to the true now, he is a liar. and still, I dont think there s any problem with saving money.

[andyly0071]

what a fitlhy liar, the GM and the VW both have sold the larggest amount of cars in china, and second larggest amount worldwide just less than what they have sold in the US and the Germany respectively, and the foreign cars have been assigned to government purchasing item list. I hate what china's govenment doing like that, but I hate more the white trash who are lying without blinking his eyes

[soccom8341576]

I like the public relations exercise thing. Please your own people and please the world. Of course, doing that without reducing trade surplus and huge foreign reserves.

Those jobless factory workers would really suffer. But that was US' fault and the Chinese, if they were subsidizing exports.

Hopefully, the fact that Chinese do quite a lot of saving will help soften the depression.

In general, I think China will be in better condition than the US.

[Tinkers2evers]

There's nothing ridiculous about it, the Chinese economy is driven by exports which are subsidized by the government, now is the time for China to dig into their huge savings. It could really help stimulate the global economy, they have 2 trillion in foreign reserves they can't spend at home, they might as well go on a shopping spree in the west and buy anything they want (besides gov't bonds). Plus everything is discounted in the US right now so in the long run it is a good return for China.

[theaerain]

Yeah, China should run a large trade deficit by letting you guys sell opium to them again. hahahahahaha...

[fedome]

This is the most ridiculous video i have seen this month. GOOD JOB

[RealmEternal]

haha, this video made me laugh. Why would the Chinese encourage imports? For the sake of making the US better off? No.. the US economy is none of China's concern, China has enough economic problems of its own. Every country is out to do whats best for itself, there is no reason China would give its huge trade surplus that so many countries can only dream of.

[FreiheitKampfer]

i'd like to ammend that point.. every INDIVIDUAL is out to do whats best for itself. there is no reason i would give up my trade surplus either.. not yet, anyway.. not until i have enough. =P

the gov needs to stay out of every trade sector.

[votethirdpartynow]

Why should the Chinese trust people Americans don't even trust, the US government.

Congress sold us out to corrupt banks and corporations - we all know it.

Prediction, Obama get's his 100 days, it better be focused on taxing the billionaires at the same rate a school teacher is taxed, he needs to provide affordable heath care, create jobs and rebuilding THIS country if not, tax payer's revolt.

You can't own human beings. STOP IT!

[5M1L3]

Ahh, credit the market of human trade.

Who owns you? MASTERcard? Discover? a mortgage lender that may sell you off to another lender next month? Student loans? Payday lenders? Or do you own yourself?

Being debt free, I can say that I own myself as much as it is possible in this society. Hopefully there are a lot of people that can say the same.

[getplaning]

The Chinese government has only one mandate. Create jobs at home. By creating jobs for its citizens, the Chinese government gets to keep its own job.

This is the smart move by any country facing an economic slowdown. Unfortunately, some in America (Heritage Foundation) think that cutting spending is the way out of a recession. Really. Think about it.

[mycssamail]

The Chinese is spending their own money OK? in whatever way they like. what's wrong with that?

just wake up you idiot.

[mdnlil]

Anyway, you can squeeze nothing from this Derek's words but sour.

China's stimulus plan is for its own good. That is for all and that is enough.

[mdnlil]

Research fellow? I doubt that.

What should china import? Shoes and socks? China makes them at the lowest cost. Planes? China has bought plenty of them.

What China want to buy and what the west can sell are high-techs. But unfortunately the west is just stupid enough not to decide to sell them to "communist" China.

Anyway, China is going to develop those high-techs. It just takes some time. And to that day the west will indeed have nothing to sell to China.

[utubefavorsdems]

Obama is a joke,and the near future will prove it.

[FarFromEquilibrium]

The best story Ive heard yet is a bank, I think called AmEx or something like that. It opened 2 weeks after $700 billion allotment and then immmediately applied for 'relief' money!!

Why cant I be smart enough to try things like that ?!?

[Transitiving]

I wish the US stimulus package was just existing spending done for show. I fear the worst is yet to come with auto bailouts and such. Unfortunately it is all too real and the destruction of wealth, misallocation of resources, loses of liberty and enslavement of future generations will haunt us for a long time.

[theoriginalanomaly]

That is because they aren't idiots.

[abarzilai664]

The purpose is more to do with staving off domestic unrest than for international consumption for Bejing is more fearful of billions of angry unemployed workers than what the world thinks of it.

[getplaning]

Exactly right.