101 East - China's Economy - 06 Mar 08 - Pt. 1

The US economy is facing the prospect of a recession, with the sub-prime credit crunch adding to its problems.

But many analysts are looking to China to pick up the global economic slack.

China's phenomenal expansion in the last 25 years, with current growth roaring ahead at more than ten per cent annually, has raised hopes that its strength could insulate Asia from the weakening American economy.

That has not been an entirely painless process; inflation on the mainland has been climbing, with many ordinary Chinese suffering as the cost of staple foods and goods soar.

So while for some there is optimism that Asia maybe able to weather the economic storm ahead, others warn that even here the economic picture is cloudy, forecasting lower growth rates and dangerous times ahead not just for China but for the rest of Asia as well.

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[witchxtard1]

america will eat and spend itself to death first :)

[CARLOSARGEMTO]

yes, rusia won , and usa dont understand, china and rusia rules

[xkeltoix]

youve learned a few new words have you? Next all you gotta do is use them in the proper manner.

[Ticonio]

you talk too arrogant...typical of ignorants!

[xkeltoix]

i already told you on multiple occasions that the usa is not capitalist. Dont make shit up in a childish fashion to try and make a point, it really makes you seem like an idiot.

[Ticonio]

je,je, the USA doesn't accept that formula anymore, take a look at the protectionist policies decided...hmm...not a good start for the FREE MARKET DEFENDERS!!...that's the real utopia

[xkeltoix]

shrinking the government, ending the fiat monitary system, cutting taxes and spending (and deregulating) this is the only way for REAL job growth. Its too fucking hard to start a business in this damn country anymore as long as the government is in the way.

We are not capitalist(by capitalist i mean a FREE market). The US is a corporatist nation.

[Ticonio]

hello my friend, so tell me how would you recommend to solve the 100.000 jobs lost per week? ah? I guess that capitalism will have another happy ending ah?

[xkeltoix]

ive already implied america isnt capitalist, ya socialist dummy.

[Ticonio]

you're in a contradiction, when USA do "whatever possible" to try to save the "Big ones" is not getting involved? and take a look at the "freedom" left to the companies in China and compare with the "Pool of sharks" in the west!

[xkeltoix]

the state should only protect contracts and protect individual rights. if the government gets involved with the economy it ceases to be capitalism. Hong Kong is a better example of capitalism that the USA will ever be,

[Ticonio]

with a strong control from the state? yes, not like in USA where the STATE SERVES THE CORPORATIONS!!!