Capital goes where it will get the greatest return...investment can be quickly curtailed.......
And divested...maybe the name George Soros means nothing to you....
"...Let's exam [sic] your logic here. Take the example of Boeing. Let's say Boeing sells China an airplane. Some parts, more precisely, the tail section, is manufactured and assembled in China and then shipped to US (this is a JV started by MD), Boeing then make the airplane and ship it back to China and make millions dollars of profit in the deal..."
First the aerospace industry is one of the few industries that the United States has a significant lead in...
However, your example demonstrates a profound lack of understanding of how the global economy works...or, at least, how you missed my point that the primary reasons for investment in China are CHEAP LABOR and lack of regulations...Therefore, there is tremendous incentive to maintain the immense disparity between the few haves (in the "show" cities") and the numerous billion have nots .....and this adversely effects the ability of the masses to consume the products that they manufacture which severely undermines the growth rate of the markets...If the cost of production rises...the jobs MOVE and the money is divested...Why do you think all the manufacturing and textile jobs left the US?....The US and Japan now, for the most part, do the non-labor intensive aspects of assembly....
May I recommend several books to you....so you have a clue....
"One World Ready or Not"...by William Greider
"The Work of Nations" and "The Next American Frontier" by Robert Reich
and
"Head to Head" by Lester Thurow
Now regarding the article I reproduced...Interesting how you quickly discount significant points in the article and grab onto the few that support your point of view....Interesting fact though is that you obviously didn't obtain the remainder of the article before making your own conclusion and thus, did not read the conclusions of the article's author....
I suggest you read the balance of the article before you attempt your foolish "spin" again...
Here are some choice words from the author .......
"...Since the late 1970s, China has sent 300,000 students overseas for education. Only one-third have come back. Theat exodus represents a massive vote of no confidence...."
"...The question is whether the powers that be would ever lead the way would ever lead the way toward genuine political reform. 'Don't count on it,' Shambaugh warns. 'They are, after all, Leninists who approach political power in zero-sum terms.'..."
[Note Shambaugh is David Shambaugh, director of China Policy Program at George Washington University]
"...Dai drifted back to Chongqing, where he now earns between $35 and $45 a month (a healthy wage...)..."
"...Zhu must also deal with China's self-policing one-party state, which is now rotten to the core. In November, for example, the country's two leading anti-corruption prosecutors were sacked for what else? -- corruption. Twenty years after Deng's coup, the socialist market has become a CHinese variant of crony capitalism. That's cause for alarm, not reason to celebrate."
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So based upon your baseless and inane arguments about China becoming a "democracy"...One may easily conclude Yang that you are nothing but a crony capitalist helping your buddies Wong and Cho scam and "fleece-the-foriegners".
Fess up...Yang ...Fess up...
z
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