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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: Haim R. Branisteanu who wrote (37430)	8/24/2003 2:48:15 PM
From: RealMuLan	Respond to of 74559

>>Yiwu, China is a great country with millions upon millions of people below poverty line looking to work. The net result would be that China will try to bring about higher standard of living at home which in turn will lower the standard of living in the US and Europe.<< Haim, agree, I guess that is what Marc Faber called "the great transferring of wealth". And deflation is a problem in developed countries like Japan, or the US, but it seems not a big deal in China<g> >>The world economies are not at a stage that ALL boats can be lifted, therefore if China's dominance will improve it will affect the global standard of living.<< More people would be lifted above the poverty line in China, and thus in the world. >>Even now lot's of US and European jobs are lost to China, India, Pakistan, Indonesia etc.<< Yes, but with the saturated market and over-capacity in most of developed countries, if not all, that seems the only way for many companies in the developed countries to keep producing. Although I think the US gov. should do something like force the companies which move jobs to overseas to set up a fund to retrain the layoff workers,etc... But will they do it? and do they have the stomach to see some of those companies have to go down? Bashing China or forcing China to devalue its currency would not stop the trend of moving jobs there. They have to do something to the greed of the US big corporations. >>As an example I must pay $2.50 for a pound of tomatoes in Peking you pay 5 cent (if my recollection is right) and same ratio for other produce / products.<< LOL. and what about 3 Yuan/Kilo for pitless litchi?<g> But that is only in summer, in winter, vegetables are pretty expensive too in China. >>Already Garlic growers in the US are sidelined by garlic imported from China ...... the US garlic growers standard of living has fallen substantially ..... they are now in recession << Garlic is very good for health. In China, a family of 4 ususally consumes 200-250 bulbs of garlic bet. Nov. and March. So I would think this is good for the general consumers in the US since they can afford to eat more.<g> Yeah, I know, that is if they have a job.