Quote:
Originally Posted by Ronin4hire
How are they trying to improve?
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- By not printing money like no tomorrow
- By building infrastructure
- By saving and investing for a better future
- By not going on a binge of reckless consumption using other people's money
All the GDP figures is pointing upwards, surely you can't call that going backwards.
Ronin, I know you have problem with some of Chinese government's policies but you can't discredit the entire system based on your fancy idealogies.
You haven't got the faintest clue how smart the Chinese government is. It is securing energy supplies for its growth which is why it is dealing with rogue nations. With the current economic crisis, thes Chinese government is using its massive savings to take over resource companies all around the world on the cheap.
Government has set policies that forces foreign companies to team up with Chinese local partners so that the Chinese companies can quickly catch up in terms of technology.
These things may not be the best for the west but it is good for the Chinese as a nation and its people.
One more thing, the Chinese government plans for the long term, not just using patch solutions to get them to the next election (more stimulous anyone?)