To: neutrino
China and India have rapid growth, and trade restrictions - but they surely want the US to have no restrictions at all.
The US is NOT that weak. Our economy grew by 4% last year -- China and India grew at 8-10%, but their starting base is much lower than ours -- we account for 25% of world GDP, China accounts for around 8 to 10% and India accounts for barely 2%. These are dirt poor third world countries and comparing their developing economies to ours, the most 'developed' is incorrect. Japan, the Eurozone, those are competitors, India and China are little more than cheap mom and pop shops set up near Walmart.
118 posted on
04/07/2004 9:20:19 AM PDT by
Cronos
(W2K4!)
To: Cronos
China and India grew at 8-10%, but their starting base is much lower than oursYour number is wrong. China's growth last year was WAY in excess of 12%, and it's larger YTD 2004.
And, btw, growth is growth, regardless of "starting point."
Just co-incidence that US growth last year was anemic (and YTD04 is also anemic)?
157 posted on
04/07/2004 11:23:25 AM PDT by
ninenot
(Minister of Membership, TomasTorquemadaGentlemen'sClub)
To: Cronos
118 - " India and China are little more than cheap mom and pop shops set up near Walmart."
You reall don't have a clue, do you?
202 posted on
04/08/2004 3:22:09 AM PDT by
XBob
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