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

To: TobagoJack who wrote (63173)	5/2/2005 5:03:15 AM
From: energyplay	Read Replies (1) \| Respond to of 74559

At one time Taiwan had 80 billion in foreign currency reserves... What is PRC + ROC reserves , especially vs. China ?

To: TobagoJack who wrote (63173)	5/3/2005 2:43:59 AM
From: Maurice Winn	Read Replies (2) \| Respond to of 74559

<``China has become the world's factory and the world's market,'' Lien told reporters in Shanghai today on the last leg of his trip. ``We must face this reality.> It's true TJ, Made in China features strongly here and elsewhere. But there are 6 billion people of who only 20% are in China. It's a stretch to call China the world's factory given the share of economic activity in China compared with the total for the world [even if we do purchasing power parity adjustments] China is doing well because it's cheap. As the employees move up Maslow's hierarchy of needs, they will require more money to perform particular jobs, just as I did during my money-making era. They are getting the jobs because they are cheap. They don't want to be cheap. Soon they will not be cheap and they'll be just another billion people among 7 billion. Japan seemed set for ruling the world, until 1990, then their feats looked like clay and the value of the imperial palace tennis court dropped to less than that of Auckland, though Yoyogi Park and Imperial Palace grounds might still have exceeded the value of NZ. China is doing well because the money and technology have flooded in, the black and white cats are catching mice, and Mao has been converted into a tourist cash flow attraction rather than an ideological guiding light. "Well" is still relative and the average Yank would not want to swap their SUV-powered traffic jam for a bicycle in Beijing. Nor would the average Euro. India might decide to compete for some of those investments, technology and profits, having seen that there's more to life than socialist, kleptocratic, suffocatocracy. There is already a lot of investment heading for India. They can do it cheaper than China can, being lower on Maslow's hierarchy of needs. <Two newspaper polls published in Taipei over the weekend showed the public supports reconciliation. > What were the poll questions? "Do you want to swap your freedom and democracy in Taiwan for subervience to Hu Jintao's dictates?" I doubt it. It's easy to answer "Yes" to "Do you think it would be good to have reconciliation with China instead of nuclear war and economic collapse?" Polls are not necessarily much use if not inspected for the usual flaws. Mqurice