**Off topic*** motorbikes and stuff.
Hi there DK
1.If you like motorbikes check this site out,it will take you to Royal
Enfiled-bullet motorbikes made in India and now available in Canada.
iaw.com
It is an old-fashioned,simple,classical bike with a distinct sound.
I plan to buy one next year and travel across India and China.
2.China & India
In my modest opinion these two countries will be powerhouses in the
next century and beyond.As you should know, civilizations go through
cycles,ie they prosper and decline.These two countries had their
days in the sun thousands of years ago and in recent times have been
in decline.But they are now on a recovery mode and climbing, the
next few centuries will be theirs.China will lead and India will be
a close second, only because India started their recovery later than
China.
Some interesting facts.
CHINA
Purchasing power parity: According to a World Bank study if you
measure a countrY'S economy by thier purchasing power in their own
economy (as opposed to traditional comparison of measuring the
economy against the dollar etc) China ranks as number one in the
world.Yes that is correct,better than Japan and even USA and India
following close behind. THIS IS WHAT ED WAS EXPLAINING IN HIS POST
with his experience in China.
Another study a couple of years ago (dont remember which one) was
pointing out that each Chinese has a saving of $600.00, multiply
that with one billion plus people, you can see the enormity of the
savings that the Chinese has.
Assets of Chinese expats. The overseas Chinese are deploying their
vast amount of wealth into China,along with their technical skills
they gained in the West.
GDP growth: China as should know, is one of the fastest growing
economies of the world. Doble digit growth for some 15 years and
still growing at close to 10%.
INDIA.
1 out of 6 computer engineers in the world are from India.
India churns out some 40,000 engineers every year.
Economy growing at 6-7% year.
A growing middle class who earns $30,000 or more annually,now stands
at 100 million to 300 million.
A well managed micro and macro economic policies, ie current account
defecit less than 3%, budget defecit less than 5%, a comfortable level
of foreign exchange reserve.
Like the Chinese, a wealthy expat. Indian population with over 300 billion in assets, deploying their assets in various ways into the Indian economy. etc etc.
A well positioned computer industry which exports over $2 billion of
its products overseas,and growing at 60% annually.
Well,these are some of my thoughts, and I am sure American companies
like COMPAQ will certainly benefit tremendously from these two countries in the future,as they are already well positioned to take advantage of the situation.
Cheers and all the best.
Ps: let me know what you think about the Royal Enfiled Bullet bikes.
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