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Strategies & Market Trends : Booms, Busts, and Recoveries
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To: RealMuLan who wrote (36287)7/19/2003 12:36:20 PM
From: BubbaFred  Read Replies (2) of 74559
 
Bunk!, the new China is still very fragile with enormous cost to upgrade the infrastructure and living condition. Don't forget many regions in China remain in abject poverty where industrial workers have lost and continue to lose their jobs and incomes as old inefficient factories have been closed down. It will take them 100 years, if not longer, to get to the same standard as that eastern Europe or South America. China needs a lot of help. SARS should be a reminder that their sanitary infrastructure system badly needs complete reconstruction and modernization. It is so wretchedly backward that there are 1000 peope looking to fill one single job that pays $1 to $5 a day.

All the paranoia abound is to stir up sinophobia. It always come up, every several generations. It used to be those commies, and now it's RMB, China's currency. What bogus and such a hoax unbelievable paranoia. It reminds me of the Japanese bashing in the late 80's, whereas English-US or US-German corporate mergers have been no big deal affaris. Perhaps many people still long for those days of the 30's and early 40's when Shanghai was sectored into the English, German, French, American, etc. quarters, and where Chinese coolies could not even enter nor seen in the front yard. They pumped those cocaine to the country to turn the population into zombies and coolies. Is this paranoia the start of propaganda with underlying motive to prevent China's population to rise above the coolie level?

EU with its new pool of low cost labor and highly developed technical schools is about to explode its muscles anytime and is more direct threat to US economic superiority.
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