Slave trade in China is booming... Europeans must see a lot of money in the land of bondage... they always have.
Ping
The question is, how much the "foreign investment" in China is American money?
This can not be true because the free traders told us just the opposite was happening.
From what I understand China doesn't keep books. Nobody wants to mess with China when it comes to accountabilty.
Lawyers have badly damaged this nation.
Well, somebody has to manufacture all our necessities at dirt cheap prices with slave labor. It's a dirty job, but somebody has to do it.
/Sarcasm
Has anyone considered that cumulative investment in the US is still larger than China? Or that, on a per capita basis, foreign investment in China may not be anymore than any other developing nation?
During the peak years of foreign investments in the US, invested amounts nearly reached $200 billion per year.
What is happening is not unusual for a country that have chosen to take part in the global trading system. And given China's sheer size, the investments numbers shouldn't be surprising.
Perhaps America is paying the price for it's bogus public educational system. Or over taxations. Or too many environmental regulatzons. I don't know. But economy good - not many unemployed. Life good for workers.
this is no different then many of us have been saying on all the offshoring threads - only to be trash talked by the free trade crowd. the investments in china for the semiconductor industry alone are immense, they will have own the industry in less then 10 years.
but not to worry, we have plenty of lawyers, health care workers, public school teachers, real estate agents, and service industry workers making $8 an hour, competing with legal and illegal immigrants to hold onto those jobs.
tax reform bump
btt
Nothing like slitting YOUR OWN throat America...
>China's strong manufacturing industry helped the country
>attract FDI last year worth 53.5 billion dollars, compared
>with 52.7 billion in 2002, the United Nations Conference on
>Trade and Development (UNCTAD) said in its annual report on
>investment flows.
>
>Meanwhile, foreign investment in the United States,
>traditionally the largest recipient of such money, plunged by
>53 percent last year to reach 30 billion dollars, the lowest
>level in 12 years, according to data from UNCTAD's World
>Investment Report 2004.
And it will go lower still. This decrease in demand will be reflected as a decreased demand for the dollar (a weaker dollar, imports becoming more expensive, and therefore inflation at home). It will also be reflected in the Fed forcing up interest rates regardless of the domestic economic situation. Remember, the #1 job of a welfare-state government like ours is to keep its debt servicable, and let the people eat cake.
There are dark skies ahead indeed, and a shell game can only go on for so long.
A ChiCom Military front company--principally owned by the Red Army generals and the PRC itself.
In the weltanschauung of the US Commerce Department, of course, HW is a fine 'capitalist' company.
This is the outfit which now controls BOTH ends of the Panama Canal.
From yesterday's "Daily Reckoning":
Tom Dyson, from the thriving metropolis that is
Baltimore...
- "I'm Comrade Faber. You are now all members of the
Central Committee of the Communist Party," began a speech
by regular Daily Reckoning contributor Marc Faber.
- Faber was role-playing. He was pretending to be the new
president of the Chinese Communist Party's Central
Committee. It was a cunning ploy to make a point to his
audience.
- "My plan," said Faber, keeping up his appearance as an
imaginary Communist bureaucrat, "is to keep the U.S. dollar
very, very strong."
- According to Faber, there are two overriding reasons why
a strong dollar is desirable for China's administration.
Firstly, he argues, China can strengthen its manufacturing
base by undercutting the U.S. competition. It's a play for
market share using the classic "price war" maneuver.
- Chinese officials then return their dollar earnings back
to the United States and plow them into U.S. government and
agency debt securities. Yields are forced down, and the
great U.S. import binge carries on.
- "One day disaster will strike," concludes our faux-
Communist mouthpiece. "This is a small penalty to pay for
the transfer of technology and manufacturing and
investments into our country."
- The money migration, total economic warfare, beggar thy
neighbor...call it what you will, but it sure ain't good-
natured, wholesome globalization.
- And of course, it's already begun...
- In 2003, reports the AFP this week, China overtook the
United States as the top global destination for foreign
direct investment. Last year, China attracted $53.5 billion
dollars, versus only $30 billion dollars attracted by the
United States. The United States is traditionally the
largest recipient of FDI, but last year's total was so
pathetically low - plunging 53% from the year before and
setting a new 12-year low - that China was able to leapfrog
the United States into the top spot.
- Marc Faber may not be the first person to recognize this
cunning plan by those wily Chinese capitalists. And their
designs may not be purely economic in nature either. Now
Japan wants to classify China as a potential military
threat.
- According to a report from Japan's leading business
newspaper, Nihon Keizai, a 10-member advisory panel will
recommend that Russia be replaced by China as Japan's
mightiest adversary and the most likely to attack.
- "The panel will not call it directly a military threat,"
says Lance Gatling, a U.S. defense consultant, "but the
concern about a conflict between Taiwan and China is quite
real, and Japan is concerned about getting drawn into
that."
- China has been in a defense-spending boom, according to
reports, investing in deep-water navy, more offensive
weapons and reconnaissance satellites. And we find this in
The Washington Times: "China's naval buildup has produced a
new type of attack submarine that U.S. intelligence did not
know was under construction, according to U.S. Defense and
intelligence officials."
Looks like someone ELSE figured out what WilliamofCarmichael, WillieGreen, and I have been harping about for the last several months, or longer.
Only part of the price we'll pay for supporting Red china by thinking we need cheap shit...But hey, it's good for america. < /sarcasm >
sounds like the new Japan.
We should stop supporting communist states -- I'd rather see our money going to democracies like Japan, Korea, India, Israel than to China