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Politics : Foreign Affairs Discussion Group

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To: Bilow who wrote (125739)3/8/2004 2:34:49 PM
From: TimF  Read Replies (1) of 281500
 
China is a Communist nation. While there is some speculation there, it's mostly centered in a few very wealthy areas like Hong Kong. The vast majority of the population has little or no speculation going on.

Most of the population also doesn't participate in advanced manufacturing or trade with other nations. The coastal areas are booming with all the good (development, new wealth) and the bad (speculative bubbles) that come with that. The deep interior is third world or at least close to it.

"I fear that it will turn out as it did with the Asian Tigers ..."

No, this is not your fear, it is your hope, your fantasy.


I can't read Neo's mind but I think its a fear. China having a situation like what happened to the "Asian Tigers" would be a drag on the world economy and so would hurt the US in an absolute sense even if it hurt China more.

Tim
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