Laurent Cohen-Tanugi: The Shift of Economic Power

[suarezjaguar]

He said this in 2008. Now China is the second-biggest economy according to the IMF.

Absolutely fast.

[waki26]

Chinese producing rubbish? Then the West is using rubbish then ! And do you know why West LIKES rubbish? Because they are poor now. They are no longer at the top. Actually China produces according to specification of the West. So it is the West's problem not China's. Don't be too proud of the West's products. They are selling their factories and brands. many faces bancrupcy !

[coodaytah1]

There is no sign that the Chinese have the ability to produce quality goods that do not fall apart. Most of the stuff China prod rubbish that needs replacing quickly.

China has problems of its own too. You live on the same planet as the West and have to share its oil too you know.

[waki26]

It is very wrong to think that the world must go on with the same rule as now. Remember that in history there were revolutional changes or paradigm shift where powers of the world would change. Who was USA 200 yrs ago - nothing! But it grew up.

So dont keep thinking that China must follow the US way. Of course I cant predict exactly. Ask god if u must know now.

Don't think that Chinese are uninnovative and stupid. They had created great works and inventions. (go read up-it's too long to tell)

[coodaytah1]

It has $2trillion worth of toilet paper when the Americans change their currency to the new dollar.

And they will, because they can.

[waki26]

Yes it will definitely become toilet paper, when USA becomes the toilet !

[coodaytah1]

That would make it like Malaysia. No chance.

The Chinese need someone to imitate. If nobody is leading, there will be no cheap jeans or toys to rip off.

They lack the ability to innovate. They need the West to do that for them.

[waki26]

China's true power was suppressed for 40 years during the Communist rule ( a stupid, Western invention! ) No commerce, no arts, no fashion, and so on.

But now after breaking free of that stupid ideology you can see its explosive progress. Just expect something great in 20 years time. China will regain its lustre, yet again, like before.

[coodaytah1]

The way it was before Western man developed modern science, something you needed us to teach you. If your Universities are so good, why do your best students have to go to the West to learn basic science?

[waki26]

Yes the West is still better now but that will not be forever. Nothing is permanent. Others can catch up too. It will take sometime. Don't expect it in 2 yrs time. OK

[coodaytah1]

Of course nothing is permanent. China was once the world's dominant power but now look at you: trying to catch the West up for basics even now.

You have the inability to generate your own inventions. You need someone else to invent them so that you can steal them. If you ever did invent anything you would get angry at the theft of intellectual property. You have all that to look forward if you want to be no. 1.

You are still communists and that will have to change too.