Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: J_F_Shepard who wrote (530090)	11/18/2009 2:05:49 AM
From: TimF	Read Replies (1) \| Respond to of 1575357

They have at least 800 Billion dollars of cash on hand. That's part of why I say there growth has been overestimated. They aren't actually increasing the average Chinese person's ability to consume nearly as much as much as their GDP has grown. They are trading a bunch of goods for a large pile of green paper (and yes I know most of it isn't actual cash, but that doesn't make any relevant difference). Which doesn't mean that they haven't actually had real massive growth. Overestimated, does not imply small, or even that the growth wasn't enormous. But the country is still strictly under government control. Its an authoritarian dictatorship, but economic freedom has greatly increased.