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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: RealMuLan who wrote (18229)	12/9/2004 5:10:55 PM
From: RealMuLan	Read Replies (1) of 116555

China bargains destabilize economies By Rich Lewis,December 9, 2004 The flakey but influential Internet news site "The Drudge Report" recently ran the following screamer headline: "Communist Christmas: Wal-Mart 'Made in China' Inventory to Hit $18B." [what does the cheap labor in China has anything to do with their political system?] The link was to a story in China Business Weekly saying the world's largest retailer bought $18 billion worth of goods from China this year, up 20 percent from 2003, a trend "expected to continue." [those increasing trade are with other countries. The Sino-US trade is projected to be flat or decline about 0.5% y-o-y. so stop whinning.] ... China cannot, and should not, be stopped from taking its place in the world, but making room for this once "sleeping giant" is becoming increasingly difficult.There is only so much wealth to go around. [so is that what all about? To prevent China to get the share of wealth they deserve?] cumberlink.com

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