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Quote:

Originally Posted by raymr (Post 1436013)

They are missing a system of checks and balances, and a lot of their information, especially economic, is double-counted or exaggerated. They are using these means to quell any potential uprising against the central government. So for now, while times are good, everyone is fairly content with the 'progress' that seems to be in motion. Eventually though, they will hit some kind of productivity ceiling. When and if that happens, the over-inflated numbers that they use now to paint that rosy picture will come crashing back at them. Not only that, the legacy they leave behind will be one of massive environmental destruction.

Correct, they are literaly tens of thousands in uprisings per year. The PLA can keep enough of the population happy as long as times are good. But eventualy there needs to be change.

China is going to go through some sort of political change in the next 20 or so years, it depends on how they emerge. That will point to there future.

Quote:

Originally Posted by raymr (Post 1436013)

So for now, while times are good, everyone is fairly content with the 'progress' that seems to be in motion. Eventually though, they will hit some kind of productivity ceiling. When and if that happens, the over-inflated numbers that they use now to paint that rosy picture will come crashing back at them...

Hmmm...sounded like the U.S. prior to the dotcom bubble bursting...anyone remember that?

Quote:

Originally Posted by G-Benz (Post 1436021)

Hmmm...sounded like the U.S. prior to the dotcom bubble bursting...anyone remember that?

No where near the same level. If China has a big bust and there history is any indicator you will see a bloody civil war that will probably kill millions.

People like to worry about China a lot, but when you get past all the politcal crap its a different story. Its a great country, with a great people, honestly I would like nothing more then to see us have a close relationship with them like we enjoy with the British. But they have huge massive problems, that they need to resolve before they can "pass us".

If you just look at international investment figures this proves this. People all over the world still see the US as a "safe bet", they are willing to invest in this country and in the US dollar. China is considered to be very risky, its still very tricky and can be risky to do business in China. You really have to know what you are doing.

People like to shoot off there mouth about this country, but look at what where there money goes...cash speaks louder then words.:D