China's Economy

"China's economy is red-hot."

Yup, and it's mostly because businesses in the U.S. have been shipping their manufacturing to China and importing cheaper goods from there. A lot of China's boom can be credited to Wall-Mart.

No, I won't be investing in China's markets. That's a ship I'm not interested in sailing on. Maybe I will miss an opportunity to make lots of money, but then money isn't the most important thing to me. If it were, I'd probably be heavily invested in the winning sides of Darfur, the ones that are slaughtering as opposed to being slaughtered, or I'd be heavily invested in the industries that are polluting India's rivers so badly that children die from toxicity simply by falling into them.

I'd rather be ridiculed for being poor, than applauded for getting rich by investing in businesses that cause others to suffer.

Right On, Bill!!!! I'm with you. Mammon has become the god of this world and therein lies danger. Invest in a communist nation that can nationalize any company at the drop of a hat.... where is Wall Street's brain? Oh, I guess in it's change pocket, right?
heh heh

Bill:
What you say is true, but you put too much emphasis on U.S companies. China does more trade with the EU than the US. They're taking jobs from the U.S, Europe, Japan, etc.

Also, China's stock market is ready for a crash--it's just a matter of time. It's about the same valuation as the US stock market in 2000, which only recently reached the same value as it did then. There's still posibility to make some money there, but don't be supprised if it goes down the toilet.

Also, the Chinese economy is hot--in fact, too hot, and inflation reached something like a 9 year high, and despite strong monetary action, is still getting worse. A lot of this is because their currency is undervalued, and even though it's gone up significantly, it still has a long way to go.

of course it is red hot...we want bargains and they come from China....

China has been buying up dollars and exporting goods massively. The U.S. depends on Chinese goods while China has to continue to support the dollar--if it sinks their investment sinks with it. The whole arrangement is unsustainable but neither side knows how to get out of it. James Fallows has an excellent article on this in the current Atlantic. He also argues that China's own people have seen relatively few benefits from their surge in production.

Those Chinese bargains are not really very good. Tools are cheap and fall apart. Quality or safety is a mostly losing gamble. It is the same with importing so much oil, we are sending money to prop up and support governments that if they could would destroy us. I have met more than one ... -many- Chinese people working in high tech in this country that have nothing good to say about America. They praise the Chinese goverment, they attack the Dalai Lama, they talk about Western Imperilism, ... but for money, none of that counts. As long as someone can make some money off it they do not care about the effect it has on American workers to see their culture and country demeaned and insulted on a daily basis and have no recourse but to take it and accept that is one-sided BS is "multiculturalism" if they want to retain their jobs. Sad joke.

I am a Chinese . I want to ask a question . Did you go to China ? How many things do you know about China ?
There is 14 billion ( 1,400,000,000) people in China . There is so much pressure for everyone who is now living in China . And If we do not make products and sell to oversee , how can we live good ? how can we live happy ?
There is some people ,who maybe do not like American , but that is not all of US . We Chinese is a friendly nation , we love any people who come from any country .
So if you have a chance , you should go here, come to China . And that will give you a surprise .

Wenjun, Chinese people seem, like a lot of underdeveloped or developing countries, to be prisoners of their government. While I respect the Chinese government for things like having the courage to implement the one-child policy, their iron grip of control is rooted in the distant past, and their military policy of imperialism a bad.

For instance, it was on the news yesterday about how military people from the US and China were starting to get to know each other in order to try to prevent misunderstandings and wars.

One of the Chinese officers said they were increasing their military budget for peaceful purposes, and that some of their new weapons were in case of misunderstanding between the US and China of Taiwan.

I thought that was a typically dishonest way the Chinese government, not the people, behaves in the world. What kind of misunderstanding is going to happen in Taiwan? The only "misunderstanding" I can think of is of China attacks Taiwan to prevent them from being independent. That is not a "misunderstanding", that would be war. That would be China being an agressive imperialist nation.

One other thing one can see about Chinese people if you look at their behavior worldwide is that economically they move into a country, and they set up their own Chinese economy. They make a lot of money, but they do not integrate into the country they live in. Instead the create blocks of Chinese culture. This is very rampant in Southeast Asia, Phillipines where the native people grow to dislike the Chinese wealthy minority for exploiting their poor and disrespecting their country.

Gloabalization is here to stay. What is wrong with investing in China, America, or anywhere else for that matter? Better international laws to govern Corporations operating all over the world are what's necessary, here. Obviously education is also key to uplifting the working enviornments for citizens everywhere. Thank goodness for the Internet. It will be harder then ever to keep people in the dark, even in communist countries.

yeah it should be....! As I person of the United States I see my money going to them more and more everyday.