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Politics : Politics for Pros- moderated

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To: D. Long who wrote (128018)	7/27/2005 8:37:42 PM
From: neolib	Read Replies (1) of 793903

Most of that growth is 1. pulling China up from middle ages infrastructure, Sure, but that is part of why it is impressive. Why are the 1 Billion in Africa not doing as well? 2. low-wage industrialization. Again, sure, but their technical abilities are becoming quite impressive. China has already shown some posturing with governmental setting of electronics standards. In the not to distant future, defacto electronics standards will be set by China simply for volume economic reasons. Times are changing. China's economy isn't a static fact that you can just extropolate growth out to 2050. They must manage the transition from export focused to internal consumption. I surely expect their growth to slow from the high single digits while doing so. On the otherhand, their economy is judged in dollar terms, so there will also be inflation from that factor in the next decade or two as well, which might well account for a doubling or better (while not really helping the average Chinaman at all).

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