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Strategies & Market Trends : The coming US dollar crisis -- Ignore unavailable to you. Want to Upgrade?

To: Jamey who wrote (3006)	12/20/2007 2:22:00 AM
From: dybdahl	Read Replies (1) \| Respond to of 71475

Don't overestimate China. They have thrown a lot of pollution against their own population without being able to control it, and they use much less of a ton coal than western countries do. At the same time, they want to be selfsupplying in food, and their fields are not exactly huge plain fields perfectly suited for automation. Their population size is still increasing, because people are getting older, so they will experience a burden of old people at some point in time. If they want to get the productivity of western countries, they could start to replace all their current power plants with more efficient and much more expensive ones. They won't do that any time soon. I wouldn't be surprised to see a future, where China sells expensive coal on the world market while importing health care technology from other countries. It takes more time before China is back as the world's most powerful economy, than the result you get by extrapolating from their current growth.