China, next Superpower

[Madhuri]

This is an interesting article. Well, anything concerning the shift in balance of power between countries is interesting. How do you think the world will change with China's growing strength? I cannot imagine how the future will be. Here is the article:

http://money.ninemsn.com.au/article.aspx?id=1039648&rf=true

 

[Sirktas]

I've also read articles saying China will collapse economically.

 

[Madhuri]

I've also read articles saying China will collapse economically.

Do you remember the arguments? I am very interested in this topic. How long ago did you read these arguments?

 

[Peacewise]

it's all good, china is a powerhouse and will soon be much richer than america, if it isn't already. likewise its military strength will continue to grow, and hopefully its culture of restraint and contentment will offset its huge and growing power.

 

[linwood]

I pretty much agree with the article mostly other than the implication that Chinas military can catch up to US military power through the superiority of Russian tech (I`ve never seen "superior" Russian tech and I lived through the end of the Cold War.)

I also think China has much more internal strife than the author seems to be aware of.
China could very well implode due to it`s handling of it`s citizens if it doesn`t fix the problem sincerely.

 

[Sunstone]

Although China has an amazing culture, the one thing China doesn't have is the humanist tradition that stems from the European Enlightenment. So, it should be interesting to see whether or not that has any notable consequences on the policies the Chinese government adopts towards its own people and towards other peoples too.

 

[Sunstone]

China seems to have bet everything on indefinately maintaining an economic growth rate of somewhere between 8% and 10%. Of course, it cannot keep that up forever, despite its hopes. So the question becomes: What will China's people do once they no longer have a rapidly expanding economy to pacify them?

 

[Darkness]

china seems to have bet everything on indefinately maintaining an economic growth rate of somewhere between 8% and 10%. Of course, it cannot keep that up forever, despite its hopes. So the question becomes: What will china's people do once they no longer have a rapidly expanding economy to pacify them?

viva la revolution!

Paul Krug did an interesting blog post about the China situation a while back in March: Capital Export, Elasticity Pessimism, and the Renminbi (Wonkish).

 

[linwood]

viva la revolution!

Revolution in China?

Tiananmen anyone?

Revolution in China is a damn hard sell.

 

[England my lionheart]

I think China has had the boom and is due to bust,i import stuff from China through a trade website and over the last couple of years everything has got cheaper and cheaper so i think they are over producing which will eventually lead to the bust.

 

[Madhuri]

viva la revolution!

Paul Krug did an interesting blog post about the China situation a while back in March: Capital Export, Elasticity Pessimism, and the Renminbi (Wonkish).

It is a good link but I have trouble understanding economics.

 

[Wannabe Yogi]

Do you remember the arguments? I am very interested in this topic. How long ago did you read these arguments?

I heard an argument on NPR. China has a huge demographic shift that will have a huge effect on it's economy. The zero birth rate of china is about to end the era of cheap labor. Cheap labor is much harder to find today then in the past. So wages will start to go up. China will have to make changes in it's economy. Nobody knows if this can happen with it's current system of government. It is not a given that China will be able to evolve into a first world economy.

I look back to the mid 80's the covenantal wisdom was that Japan will become the next world power. Americas rust built would spread all over the states. I think the future is just to hard to predict. The 20th century was the American century. Who knows what country if any will be dominate in the 21st.

 

[Madhuri]

Who knows what country if any will be dominate in the 21st.

Australia definitely

 

[Buttercup]

How do you think the world will change with China's growing strength?

I'm not an expert on the issue but I do know many, many people in a certain Rhode Island city have lost their jobs because of China's surge in the jewelry supply industry. I've seen enormous growth in China in this sector just in the half decade I've been in business. Other than the vintage stock I buy in the US, almost the entirety of the rest of my inventory comes from China. Their prices simply can't be beat. Anywhere.