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Politics : Politics for Pros- moderated -- Ignore unavailable to you. Want to Upgrade?

To: Jorj X Mckie who wrote (408079)	2/1/2011 12:43:45 AM
From: LindyBill	1 Recommendation Read Replies (2) \| Respond to of 793964

the pin that pops their bubble will be when the no longer have cheap coal to keep the lights burning. Wiki says China has enormous coal reserves. 4th largest in the world. Link I know their mining is primitive. But it doesn't look like they will run out anytime soon.

To: Jorj X Mckie who wrote (408079)	2/1/2011 8:29:55 AM
From: Katelew	Read Replies (2) \| Respond to of 793964

Most market watchers are expecting a significant correction in the real estate market as prices have been rising exponentially. Private land developers have overbuilt. China is raising interest rates to quell this and has insituted a tax on second homes to try and limit the numbers being bought. These responses and the boom real estate cycle itself are characteristic of a market driven economy. I would think China will survive the corrective market forces if/when they come just like all market economies do. Hard to see why it wouldn't. I'm one who has been impressed with how China has modernized so quickly and structured itself into a market economy. There are still many SOEs but the trend is to steadily and incrementally privatize them. I'm also one who doesn't have, right now, any issues with their one party system of governance. Don't we all want Rs to control both houses and the presidency, i.e. a one party system, so as to be able to get some serious work done? <gg>

To: Jorj X Mckie who wrote (408079)	2/1/2011 8:43:29 AM
From: skinowski	Read Replies (1) \| Respond to of 793964

booms must bust Yes, but that is better than living in a perma-bust. An economic bust is like a financial neutron bomb - money and wealth may get destroyed, but many accomplishments remain. Even if China undergoes a great bust, they'll still come out of it with a population which has work skills and knowledge - as well as a comparatively developed infrastructure. I submit that following a global bust they would be no less formidable competitors than they are today.