[10thzodiac]

One Problem Moving To China: Millions hungry - less arable land per capita than one of the poorest countries in the world - Bangladesh, plus if you’ve been to PRC you wouldn’t want to live there. China is its own ticking time bomb 1 billion 300 million and they keep screwing themselves away from the dinner table every nano-second.

[Erasmus]

I think what zilla meant was that the productive activity will move to China, leaving the Greek formerly-productive individuals with nothing to do but to go down on the sinking ship along with their mooch-countrymen.

[Erasmus]

I might add that your point about China’s potentially explosive problems is sobering. If China blows up (economically and therefore politically), it will be a literally world-class cataclysm.

[April Lexington]

I actually have been to China and I wouldn't necessarily move there. But... that 10% income tax rate is looking mighty attractive. The point I was making is that money and entrepreneurs will move to low tax jurisdictions rather than keep paying high taxes. We, in the Land of the Free, are taxed globally. But in most other places, money will migrate to lower tax jurisdictions. So... I think rich Greeks will look for cheaper places to set up shop...