Chinese economic growth slowed - 15 Nov 08
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the chinese should enter the kit car industry. they could make kit cars at the best prices
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onegoodman66 - I have to agree with you. Chinese people are not big spenders like most of Americans. Most American Americans are just sitting on their ass and collect welfare and complain about over time. They will made it through!!!
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we need money to paid off bills and buy necessities. So why not solved that problem? Why not follow one of the greatest chinese hero, Zhuge Liang, who solved all his household problems.
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true, but those yuans are based 100% on the dollar (like all fiat currency) and china holds lots of dollars. Not to mention that Chinese factories won't be able to do a whole lot without the massive coal and steel imports from the USA which are sure to dry up once the dollar crisis matures. I would look towards South America for stable markets if the USA doesn't free its markets. Any market that has been heavily "global" isn't going to do very well. Thats not even looking at oil production.
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Once China stops financing American debt the Yuan will strengthen and China will consume its own products.
China has 2 things America doesn't anymore Production and Savings.
Once the world figures out that they don't need America the nations that produce will find themselves with new wealth.
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i have to admit that the reality is much cruel.without a job means no income to depend on,no money to support the famliy,or even ourselves can not go on.however,we have to look at the things on the bright side coz life still goes on.
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Greg Bissky
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Ok kid grow up, when unemployment rises in your country. You wont be smirking, do you live in Oath Land?
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I am surprised how well the factory worker's English is!
mrtszhong 3 years ago 4
the problem is exaggerated. These migrant workers can always go back to the countryside when they get laid off. They own houses and lands on the countryside. They all can make a living by doing what they have been doing in for decades--farming. They will have less money to spend for sure, but they will make it through the financial crisis without any question.
onegoodman66 3 years ago 3