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EU spells out trade threat from China
Telegraph ^
Posted on 11/29/2004 6:56:37 PM PST by Happy2BMe
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Europe should be concerned. Red flags going up all over it seems.
1
posted on
11/29/2004 6:56:37 PM PST
by
Happy2BMe
To: A. Pole; MeekOneGOP; PhilDragoo; JohnHuang2; devolve; B4Ranch; Prime Choice; Grampa Dave; ...
China advances - world markets shudder - ping.
_______________________________________________
China's lightning advance into the production of cars, computers and high-tech industry poses a serious threat to Europe's economic base, according to a report by the European Commission.
2
posted on
11/29/2004 6:58:30 PM PST
by
Happy2BMe
(It's not quite time to rest - John Kerry is still out there (and so is Hillary))
To: Happy2BMe
Europe has no clue how economics works. They think they can solve their economic problems by imposing trade barriers. They don't understand that there are benefits to be obtained from foreign trade. They don't realize that there are other ways to keep their people employed besides blocking foreign trade which might benefit them. All they have to do is stimulate their economy with a little monetary growth and/or tax relief.
3
posted on
11/29/2004 7:02:42 PM PST
by
Brilliant
To: Happy2BMe
The 354-page report,... Says it all.
4
posted on
11/29/2004 7:05:06 PM PST
by
glorgau
To: Happy2BMe
When you can use slave wages to compete against regular wages, the regular paying jobs lose.
5
posted on
11/29/2004 7:05:14 PM PST
by
A CA Guy
(God Bless America, God bless and keep safe our fighting men and women.)
To: Brilliant
I don't believe in protectionism either.
However, on the subject of outsourcing jobs overseas and bringing in millions of migrants who are 'taking jobs most Americans just won't do,' well . .
6
posted on
11/29/2004 7:06:01 PM PST
by
Happy2BMe
(It's not quite time to rest - John Kerry is still out there (and so is Hillary))
To: Happy2BMe
I don't think outsourcing is as big a deal as it's made out to be. On immigrant labor, though, I agree. Immigrants were fine when this nation had a dire shortage of labor and vast untapped natural resources. That was more than a hundred years ago, though.
7
posted on
11/29/2004 7:08:35 PM PST
by
Brilliant
To: glorgau
".. China has harnessed all its energies on conquering high-tech markets, creating "national champions" - with protected home markets and cheap labour - designed to punch at global level."__________________________________
Says the rest of it.
FACT: China will dominate the high-tech industry in less than ten years at the current pace - far surpassing even Japan and the United States.
8
posted on
11/29/2004 7:08:51 PM PST
by
Happy2BMe
(It's not quite time to rest - John Kerry is still out there (and so is Hillary))
To: Happy2BMe
"The deficit is expected to be much higher in 2004 as the euro reaches historic highs against the Chinese yuan. The yuan is pegged artificially to the dollar. The effect is to give Chinese exporters a massive competitive boost against European firms, a situation that is unlikely to be tolerated much longer as economic growth stalls in the Germany and Italy."
5 Step plan for a better economy.
1) Get China to unpeg the yuan.
2) Pass Bush's energy policy.
3) Drastically simplify the tax code.
4) Pass partial privatization of Social Security.
5) Cut government and reduce pork belly spending.
Optional :p
-) Legalize and tax marijuana. Use that money to fund both the rest of the war on drugs, homeland security, and the border patrol.
-) Encourage NAFTA imperialism. Farm land is cheaper in Mexico, so if you can't afford or find land in the US go down there. NAFTA allows up to 49% of Mexico to be owned by foreign entities and there's ways to get around that limit. If we are going to end up being a big North American country we might as well position ourselves well.
To: Happy2BMe
10
posted on
11/29/2004 7:11:41 PM PST
by
kizzdogg
To: Brilliant
Tax relief in Europe? That's not going to happen any sooner than John Kerry getting in the WH. Socialism does not believe in tax relief.
11
posted on
11/29/2004 7:13:30 PM PST
by
B4Ranch
To: Brilliant
Nothing in the article suggests that the EU hopes to solve their problems through imposing trade barriers.
However, the EU folks are not too stupid to realize that much of China's success is a result of erecting its own trade barriers!
How does that jibe with simplistic (and inaccurate) representations of free market capitalism?
To: Happy2BMe
german labor has been over-priced + german products over-rated for decades.
not to mention their penchant for long vacations.
13
posted on
11/29/2004 7:20:42 PM PST
by
ken21
(against the democrat plantation.)
To: ken21
not to mention their penchant for long vacations (and invading Poland).
14
posted on
11/29/2004 7:22:58 PM PST
by
durasell
(Friends are so alarming, My lover's never charming...)
To: Happy2BMe
I am confused!
Wasn't Europe just recently cheering on the Chinese when they were causing problems to the USA's industrial and manufacturing base?
Isn't Europe going to have to buy "natural" SARS and human waste fertilised, e-coli infected produce from China instead of the USA's "tainted" genetically "tampered with" food products?
Aren't the former African Colonies decreasing food exports to Europe due too no food being available to export?
ROTFLMAO!
Can someone more capable than I please overlay a map of "Old Europe" onto the CONUS?
15
posted on
11/29/2004 7:26:41 PM PST
by
sarasmom
(McCarthy has been vindicated. When will Carter be vilified?)
To: who_would_fardels_bear
The final chapter in China's "success" has not yet been written. It would be much better off if it did not effectively subsidize exports to the US. There is no benefit from accumulating dollars in exchange for goods, particularly at a time when the dollar is declining on exchange markets. In the end, they will have to change their policies, and when they do, they will not have nearly the market penetration that they now have.
To: Brilliant
this is just an execuse so more power can be given to the EU to set a european wide industrial policy (which never work).
17
posted on
11/29/2004 7:27:06 PM PST
by
Haro_546
(Christian Zionist)
To: durasell
+ as a result they lost their eastern properties.
didn't emmanuel kant live in konisberg? the russkies control that now.
stalin moved the borders west after ww2.
18
posted on
11/29/2004 7:27:11 PM PST
by
ken21
(against the democrat plantation.)
To: Happy2BMe
this is the move we are looking for. the dollar decline is designed to get the euros and Japan on board to forcing china to remove their dollar currency peg.
To: Happy2BMe
China's lightning advance into the production of cars, computers and high-tech industry poses a serious threat to Europe's economic base, according to a report by the European Commission.1. Europe has an economic base? Quit joshing me!
2. Long before China becomes the economic superpower, Europe's going to be sliding into a new Dark Age of Islamism.
20
posted on
11/29/2004 7:29:28 PM PST
by
Poohbah
(Crush your enemies, see them driven before you, and hear the lamentations of their women!)
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