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Comments on: India or China--who will prevail?

China may have the edge right now, but CNET News.com's Charles Cooper says India could be this century's up and coming superpower.

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India will takeover China within two decades
by csg7 March 7, 2007 11:02 AM PST
Even though China is currently way ahead, but they have atleast 20 years head start over India. Indian economy opened up just a few years back and see the tremendous growth they have achieved.
There's a lot of things messed up there but you have to give time to get these improved. Which is why the question here is who will prevail in the future and to me India will continue to grow dramtically and take over China who's population is growing old.
Reply to this comment
India has to resolve its education before talk about compete with china
by Dante_11 March 7, 2007 11:38 AM PST
India will takeover china is only a dream. No one can predict what will happen in 20 years from now. we are not living in the virtual world. As I post earlier, where will india borrow the huge investment dollars for its infrastructure development. From the US, I don't think it will happen. Growing young population is not a prerequisite to economic success, china has shown it in the 1950-1970s. currently, india's goverment can't provide the basic education for its young citizens, how will the india goverment be able to solve the problem when the numbers are multiply. Just a wiseful thinking! no substance! India's university systems is not much better either when comes to basic scientific research or system application. if you attends any physics,biology conferences or seminars, india's representation is virtually non-existance.
View all 5 replies
what is the GDP of India vs. China?
by pwoon March 8, 2007 4:07 PM PST
India's GDP (PPP) is 4 Trillion. China's GDP (PPP) is 10 Trillion. Not even close.

China's GDP PPP is greater than Japan's
View reply
India or China -- it's irrelevant. It's all going to come to crash soon.
by fcekuahd March 9, 2007 3:15 PM PST
The rising middle class in both of these countries is going to drive demand for resources, and competition for resources is going destroy the sustainability of economies worldwide. We all know that 6 billion people cannot consume resources at the same rate that 300 million people consume them now.
India will takeover China within two decades
by csg7 March 7, 2007 11:02 AM PST
Even though China is currently way ahead, but they have atleast 20 years head start over India. Indian economy opened up just a few years back and see the tremendous growth they have achieved.
There's a lot of things messed up there but you have to give time to get these improved. Which is why the question here is who will prevail in the future and to me India will continue to grow dramtically and take over China who's population is growing old.
Reply to this comment
India has to resolve its education before talk about compete with china
by Dante_11 March 7, 2007 11:38 AM PST
India will takeover china is only a dream. No one can predict what will happen in 20 years from now. we are not living in the virtual world. As I post earlier, where will india borrow the huge investment dollars for its infrastructure development. From the US, I don't think it will happen. Growing young population is not a prerequisite to economic success, china has shown it in the 1950-1970s. currently, india's goverment can't provide the basic education for its young citizens, how will the india goverment be able to solve the problem when the numbers are multiply. Just a wiseful thinking! no substance! India's university systems is not much better either when comes to basic scientific research or system application. if you attends any physics,biology conferences or seminars, india's representation is virtually non-existance.
View all 5 replies
what is the GDP of India vs. China?
by pwoon March 8, 2007 4:07 PM PST
India's GDP (PPP) is 4 Trillion. China's GDP (PPP) is 10 Trillion. Not even close.

China's GDP PPP is greater than Japan's
View reply
India or China -- it's irrelevant. It's all going to come to crash soon.
by fcekuahd March 9, 2007 3:15 PM PST
The rising middle class in both of these countries is going to drive demand for resources, and competition for resources is going destroy the sustainability of economies worldwide. We all know that 6 billion people cannot consume resources at the same rate that 300 million people consume them now.
India or China--who will prevail?
by zurich0371 March 7, 2007 11:26 AM PST
As the author said only an Oracle can project accurately as to what will happen in the next 10, 15, 20 yrs. But for any country or for that matter any corporation (even the smallest one) to sustain and grow, it needs accountability in every step of their existence. There is lot of unknowns within China, but as an outsider I definitely see they have a huge edge over every other country. India is like an open book, very easy to read and evaluate, I had many friends who visited both China and India. All conversations about China start with a ?WOW? factor?.about India it ends up with a 20-30m discussion on likes, dislikes, opportunities, etc.
Being an optimistic person I am sure I will be here to watch/learn/observe till 2025.
Reply to this comment
India or China--who will prevail?
by zurich0371 March 7, 2007 11:26 AM PST
As the author said only an Oracle can project accurately as to what will happen in the next 10, 15, 20 yrs. But for any country or for that matter any corporation (even the smallest one) to sustain and grow, it needs accountability in every step of their existence. There is lot of unknowns within China, but as an outsider I definitely see they have a huge edge over every other country. India is like an open book, very easy to read and evaluate, I had many friends who visited both China and India. All conversations about China start with a ?WOW? factor?.about India it ends up with a 20-30m discussion on likes, dislikes, opportunities, etc.
Being an optimistic person I am sure I will be here to watch/learn/observe till 2025.
Reply to this comment
The world is made in CHINA nuff said.
by brian.lee March 7, 2007 12:26 PM PST
Look around you pick something up in your house, the cloths
your wearing. Go to you local walmart EVEYTHING is MADE IN
CHINA. Look what happened to the world markets in the last two
weeks, when China speaks the world markets listen and they
listen good. No different than when Allen Greenspan speaks the
world listens. Thats how a country measures it's status in the
world.
Reply to this comment
The world is made in CHINA nuff said.
by brian.lee March 7, 2007 12:26 PM PST
Look around you pick something up in your house, the cloths
your wearing. Go to you local walmart EVEYTHING is MADE IN
CHINA. Look what happened to the world markets in the last two
weeks, when China speaks the world markets listen and they
listen good. No different than when Allen Greenspan speaks the
world listens. Thats how a country measures it's status in the
world.
Reply to this comment
China has some qualities that India never had
by bigtime007 March 7, 2007 12:44 PM PST
1. Discipline: people grow up under the influence of Confucianism tend to have more discipline, and tend to give highest priority to the good of a group over that of an individual. Japan, Taiwan, Singapore, Korea, Vietnam are examples.

2. Experience with highly sophiscated political and social organizations -- China has been developing such skills since its unfication 2000 years ago, and the whole Chinese society tend to be highly organized and highly efficient. These highly organized society can only be disrupted by extreme economic hardship, but they will get back to that state quickly once the economic hardship is alleviated. India never got the chance to develop such skills and experience because its development in history was constantly disrupted by invasions.

3. China has a self-sufficient industry, it can make pretty much everything by itself. The only exception is probably oil.

4. The infrastructure of China is light years ahead of India, about 200 millions internet users, 400 millions cell phone users, thousands miles of freeway construction EACH year. What does India have? Despite its world leading IT industry, the majority of Indian people still have no access to a computer.

5. China has made herself to world factory, this lifted hundreds of millions of her people out of poverty. The IT industry in India only benefits avery small number of elites.

6. Despite 5, China still leads India in almost all fields of science and technology.

7. Last, and the most important, since China's unification about 2000 years ago, it has been THE superpower of the world for at least 1000 years (Qin, Tang, Yuan, Ming, Qing dynasties). Only 150 years ago, the night before China was defeated by British, the Chinese GDP was 1/3 of the entire world. Chinese has been in the position, it was comfortable in that position, and it knows how to get it back. For India, it's a task that never achieved before
Reply to this comment
Coming for you it has to true, right Ching-Shein Chang ?!
by csg7 March 7, 2007 1:14 PM PST
Your name and the amount of rambling you have done on what China has shows how impartial you are when its comes to comparing these two counties !
China has enough problems and will grow in future, while India is resolving these and is currently doing a good job. Its only a matter of time it catches up and then takes over.
China has some qualities that India never had
by bigtime007 March 7, 2007 12:44 PM PST
1. Discipline: people grow up under the influence of Confucianism tend to have more discipline, and tend to give highest priority to the good of a group over that of an individual. Japan, Taiwan, Singapore, Korea, Vietnam are examples.

2. Experience with highly sophiscated political and social organizations -- China has been developing such skills since its unfication 2000 years ago, and the whole Chinese society tend to be highly organized and highly efficient. These highly organized society can only be disrupted by extreme economic hardship, but they will get back to that state quickly once the economic hardship is alleviated. India never got the chance to develop such skills and experience because its development in history was constantly disrupted by invasions.

3. China has a self-sufficient industry, it can make pretty much everything by itself. The only exception is probably oil.

4. The infrastructure of China is light years ahead of India, about 200 millions internet users, 400 millions cell phone users, thousands miles of freeway construction EACH year. What does India have? Despite its world leading IT industry, the majority of Indian people still have no access to a computer.

5. China has made herself to world factory, this lifted hundreds of millions of her people out of poverty. The IT industry in India only benefits avery small number of elites.

6. Despite 5, China still leads India in almost all fields of science and technology.

7. Last, and the most important, since China's unification about 2000 years ago, it has been THE superpower of the world for at least 1000 years (Qin, Tang, Yuan, Ming, Qing dynasties). Only 150 years ago, the night before China was defeated by British, the Chinese GDP was 1/3 of the entire world. Chinese has been in the position, it was comfortable in that position, and it knows how to get it back. For India, it's a task that never achieved before
Reply to this comment
You have no Idea about India
by YankeePoodle March 8, 2007 7:46 AM PST
1. Discipline: I dont think India lacks in this phase, we are as disciplined as any one in the world. You need not have to be a follower of confucianism, to be disciplined.

2. Highly sophisticated Political System : You gotta be kidding me, if you are taunting that with a One Party System. Again, India is as politically complex and socially diverese as china is

3. In late 1970s China did not have the Self-reliant industry. Ofcourse due to larger land-size China has better reserves than India in certain minerals.

4. Infrastructure : I have to give you that.

5. Ever heard of trickle down economics, India is getting started, but again as one of the short-commings of being Democratic you have to pander to political perceptions, if India reforms itself aggressively it could do something positive. But like this years budget there is a political temptation for Left of Center policy which halts reforms.

6. China leads India in Science and Technology. Well, the fact if you look at ethinicity, they are balanced, because papers published by Indians are usually from the ones studying in US Universities rather than Indian universities. That is where one gets the impression China is far ahead.

7. Ok India never was 33.33% of World GDP. But in 16th Century, the time when India was about be started colonized India had 25% of World GDP. The per-capita would be similar for India and China at this point of time. So, India was never far-off interms of Economy esp. till 16th Century - 17th Century.


OK, there are only few ignorant posts that compell me to post something so detailed. Again, I would believe the "Second comming of Christ" over a "Superpower India". But again, I could not stand this kind of taunting as if India is still in Dark Ages esp. if the argument is from a guy from china, who ia experiencing modern-day prosperity for just about 28yrs.

I am all for China being prosperous and their citizenry to have all the liberties. I hope that for everyone in the world, irrespective of their nationality.

Cheers!!!
RE:China has some qualities that India never had
by hokiegirl April 3, 2007 5:59 PM PDT
To claim that people belonging to certain religions are more disciplined or simply better than others is rather ignorant and shameful on your part. "Experience with highly sophiscated political and social organizations"
What is your definition of that, may I ask? India is a the largest funtioning democracy in the world. Like any democracy it has it's flaws, but the very fact that a country of a billion people functions quite smoothly (and if you didn't know, India has more religious diversity than the US- ever heard of Zoroastrian? Or Indian-Jews?) is rather incredible. Go home and catch up on some reading that you should have done in high school.
China has some qualities that India never had
by bigtime007 March 7, 2007 12:44 PM PST
1. Discipline: people grow up under the influence of Confucianism tend to have more discipline, and tend to give highest priority to the good of a group over that of an individual. Japan, Taiwan, Singapore, Korea, Vietnam are examples.

2. Experience with highly sophiscated political and social organizations -- China has been developing such skills since its unfication 2000 years ago, and the whole Chinese society tend to be highly organized and highly efficient. These highly organized society can only be disrupted by extreme economic hardship, but they will get back to that state quickly once the economic hardship is alleviated. India never got the chance to develop such skills and experience because its development in history was constantly disrupted by invasions.

3. China has a self-sufficient industry, it can make pretty much everything by itself. The only exception is probably oil.

4. The infrastructure of China is light years ahead of India, about 200 millions internet users, 400 millions cell phone users, thousands miles of freeway construction EACH year. What does India have? Despite its world leading IT industry, the majority of Indian people still have no access to a computer.

5. China has made herself to world factory, this lifted hundreds of millions of her people out of poverty. The IT industry in India only benefits avery small number of elites.

6. Despite 5, China still leads India in almost all fields of science and technology.

7. Last, and the most important, since China's unification about 2000 years ago, it has been THE superpower of the world for at least 1000 years (Qin, Tang, Yuan, Ming, Qing dynasties). Only 150 years ago, the night before China was defeated by British, the Chinese GDP was 1/3 of the entire world. Chinese has been in the position, it was comfortable in that position, and it knows how to get it back. For India, it's a task that never achieved before
Reply to this comment
Coming for you it has to true, right Ching-Shein Chang ?!
by csg7 March 7, 2007 1:14 PM PST
Your name and the amount of rambling you have done on what China has shows how impartial you are when its comes to comparing these two counties !
China has enough problems and will grow in future, while India is resolving these and is currently doing a good job. Its only a matter of time it catches up and then takes over.
China has some qualities that India never had
by bigtime007 March 7, 2007 12:44 PM PST
1. Discipline: people grow up under the influence of Confucianism tend to have more discipline, and tend to give highest priority to the good of a group over that of an individual. Japan, Taiwan, Singapore, Korea, Vietnam are examples.

2. Experience with highly sophiscated political and social organizations -- China has been developing such skills since its unfication 2000 years ago, and the whole Chinese society tend to be highly organized and highly efficient. These highly organized society can only be disrupted by extreme economic hardship, but they will get back to that state quickly once the economic hardship is alleviated. India never got the chance to develop such skills and experience because its development in history was constantly disrupted by invasions.

3. China has a self-sufficient industry, it can make pretty much everything by itself. The only exception is probably oil.

4. The infrastructure of China is light years ahead of India, about 200 millions internet users, 400 millions cell phone users, thousands miles of freeway construction EACH year. What does India have? Despite its world leading IT industry, the majority of Indian people still have no access to a computer.

5. China has made herself to world factory, this lifted hundreds of millions of her people out of poverty. The IT industry in India only benefits avery small number of elites.

6. Despite 5, China still leads India in almost all fields of science and technology.

7. Last, and the most important, since China's unification about 2000 years ago, it has been THE superpower of the world for at least 1000 years (Qin, Tang, Yuan, Ming, Qing dynasties). Only 150 years ago, the night before China was defeated by British, the Chinese GDP was 1/3 of the entire world. Chinese has been in the position, it was comfortable in that position, and it knows how to get it back. For India, it's a task that never achieved before
Reply to this comment
You have no Idea about India
by YankeePoodle March 8, 2007 7:46 AM PST
1. Discipline: I dont think India lacks in this phase, we are as disciplined as any one in the world. You need not have to be a follower of confucianism, to be disciplined.

2. Highly sophisticated Political System : You gotta be kidding me, if you are taunting that with a One Party System. Again, India is as politically complex and socially diverese as china is

3. In late 1970s China did not have the Self-reliant industry. Ofcourse due to larger land-size China has better reserves than India in certain minerals.

4. Infrastructure : I have to give you that.

5. Ever heard of trickle down economics, India is getting started, but again as one of the short-commings of being Democratic you have to pander to political perceptions, if India reforms itself aggressively it could do something positive. But like this years budget there is a political temptation for Left of Center policy which halts reforms.

6. China leads India in Science and Technology. Well, the fact if you look at ethinicity, they are balanced, because papers published by Indians are usually from the ones studying in US Universities rather than Indian universities. That is where one gets the impression China is far ahead.

7. Ok India never was 33.33% of World GDP. But in 16th Century, the time when India was about be started colonized India had 25% of World GDP. The per-capita would be similar for India and China at this point of time. So, India was never far-off interms of Economy esp. till 16th Century - 17th Century.


OK, there are only few ignorant posts that compell me to post something so detailed. Again, I would believe the "Second comming of Christ" over a "Superpower India". But again, I could not stand this kind of taunting as if India is still in Dark Ages esp. if the argument is from a guy from china, who ia experiencing modern-day prosperity for just about 28yrs.

I am all for China being prosperous and their citizenry to have all the liberties. I hope that for everyone in the world, irrespective of their nationality.

Cheers!!!
RE:China has some qualities that India never had
by hokiegirl April 3, 2007 5:59 PM PDT
To claim that people belonging to certain religions are more disciplined or simply better than others is rather ignorant and shameful on your part. "Experience with highly sophiscated political and social organizations"
What is your definition of that, may I ask? India is a the largest funtioning democracy in the world. Like any democracy it has it's flaws, but the very fact that a country of a billion people functions quite smoothly (and if you didn't know, India has more religious diversity than the US- ever heard of Zoroastrian? Or Indian-Jews?) is rather incredible. Go home and catch up on some reading that you should have done in high school.
Don't estimates the power of YOUTH in india...
by rtandon2006 March 7, 2007 12:52 PM PST
Both countries are excelling in many fields with good GPA rate. But in 21st century both or either can be superpower. I would point out that don't underestimate the "power of youth" in India. The Indian Teens (14 - 21 years) have different vision of life as compared to OLD generation. The talent from IITn, IIMs, BPOs, ITs, Retail is been captured by youth and this youth have long vision to see there country as full developed INDIA with

100% eradication of poverty
Education for all
Self-support on all business sectors
More R&D centers
and much

That's all I can say...

Thanks,
Rishi Tandon
Reply to this comment
Don't estimates the power of YOUTH in india...
by rtandon2006 March 7, 2007 12:52 PM PST
Both countries are excelling in many fields with good GPA rate. But in 21st century both or either can be superpower. I would point out that don't underestimate the "power of youth" in India. The Indian Teens (14 - 21 years) have different vision of life as compared to OLD generation. The talent from IITn, IIMs, BPOs, ITs, Retail is been captured by youth and this youth have long vision to see there country as full developed INDIA with

100% eradication of poverty
Education for all
Self-support on all business sectors
More R&D centers
and much

That's all I can say...

Thanks,
Rishi Tandon
Reply to this comment
China has the better hand
by mikeburek March 7, 2007 2:22 PM PST
Correct me if I'm wrong, but a ton of work and money going into India is American. If that is correct, then India depends a lot of the American economy. So if our economy were to go bust, or if something big happened in hiring more local talent than from abroad, the Indian economy would have to find new money to invest in them.

While China has more of a "What? There's a world outside of China?" kind of attitude. Ok, so that's an overstatement. But China has much more invested inside of itself. A big thing that probably pushed them to the economic level they are at is all the American and other money going into China to build lots of cheap things. But as China's rich got richer, the cities developed and a middle class is forming. I don't know for sure that the middle class there is growning, but it seems like it to me, so correct me if needed. And with the middle class growing in China, then China's middle class can replace the American buying if America were to stop buying from China, for economic or political or consumer reasons. So China will be self supporting. Probably much like America was in the 19th and 20th century.

Although I'm not a global economic analyst, I would guess that the larger population of China, along with their political leaders, could create enough of a self supporting system that any global economic downturns effects would be lessened. While India seems to rely heavily on outside buying, making them very suceptable to the global economy.
Reply to this comment
China has the better hand
by mikeburek March 7, 2007 2:22 PM PST
Correct me if I'm wrong, but a ton of work and money going into India is American. If that is correct, then India depends a lot of the American economy. So if our economy were to go bust, or if something big happened in hiring more local talent than from abroad, the Indian economy would have to find new money to invest in them.

While China has more of a "What? There's a world outside of China?" kind of attitude. Ok, so that's an overstatement. But China has much more invested inside of itself. A big thing that probably pushed them to the economic level they are at is all the American and other money going into China to build lots of cheap things. But as China's rich got richer, the cities developed and a middle class is forming. I don't know for sure that the middle class there is growning, but it seems like it to me, so correct me if needed. And with the middle class growing in China, then China's middle class can replace the American buying if America were to stop buying from China, for economic or political or consumer reasons. So China will be self supporting. Probably much like America was in the 19th and 20th century.

Although I'm not a global economic analyst, I would guess that the larger population of China, along with their political leaders, could create enough of a self supporting system that any global economic downturns effects would be lessened. While India seems to rely heavily on outside buying, making them very suceptable to the global economy.
Reply to this comment
Democracy or Chaos
by Jimyu March 7, 2007 3:28 PM PST
I think we should re-clarify the two systems in India and China. Democracy in India = Chaos or disorder and dictatorship in China = orgnised or in order. Some Indian think Chinese Gov presses Chinese population to do things that not benefitial them but for face lifting. This is not true. When you are talking about that life is getting better in China you are not talking about a few Gov official but whole population. If whole population get better life, then credit has to partially go to the good governing or orgnising. You can not in one hand admit that China has done a good job to lift population from poverty and in other hand blame Chinese Gov for their suppression. It is not suppression, it is organising and guiding. This is a critical point that Indian Gov and its people do not get it. Indian Gov does not know (or does not have ability) how to orgnise people, especially massive ill-educated people. when democracy in a poor country like India, people do have a freedom to vote and people have right to refuse to move from their home even the move is good for them in long term. However, such individualism, selfishness combining with illitericy will creat disorder and chaos. This is why it is much more difficult to do something meaningful in India than in China. It is nothing political but the ability and willingness to orgnise population to do something for people and their country. India is lack of this sort of capability due to its ill-developed democracy. If you want to develop then put you house in order. The chaos and disorder will get India nowhere. Democracy is good, theoretically, but development is more important when you are poor. In my opinion, democracy is not a guarantee for your Indian to get better life at the moment but a dragging factor for slow development. Think about it my Indian friends.
Reply to this comment
why do you lecture
by shenye March 18, 2007 4:31 PM PDT
men, I am related to Mao and I urge you my friend stop chopping up your cards like that Shanghai attitude of yours.
Democracy or Chaos
by Jimyu March 7, 2007 3:28 PM PST
I think we should re-clarify the two systems in India and China. Democracy in India = Chaos or disorder and dictatorship in China = orgnised or in order. Some Indian think Chinese Gov presses Chinese population to do things that not benefitial them but for face lifting. This is not true. When you are talking about that life is getting better in China you are not talking about a few Gov official but whole population. If whole population get better life, then credit has to partially go to the good governing or orgnising. You can not in one hand admit that China has done a good job to lift population from poverty and in other hand blame Chinese Gov for their suppression. It is not suppression, it is organising and guiding. This is a critical point that Indian Gov and its people do not get it. Indian Gov does not know (or does not have ability) how to orgnise people, especially massive ill-educated people. when democracy in a poor country like India, people do have a freedom to vote and people have right to refuse to move from their home even the move is good for them in long term. However, such individualism, selfishness combining with illitericy will creat disorder and chaos. This is why it is much more difficult to do something meaningful in India than in China. It is nothing political but the ability and willingness to orgnise population to do something for people and their country. India is lack of this sort of capability due to its ill-developed democracy. If you want to develop then put you house in order. The chaos and disorder will get India nowhere. Democracy is good, theoretically, but development is more important when you are poor. In my opinion, democracy is not a guarantee for your Indian to get better life at the moment but a dragging factor for slow development. Think about it my Indian friends.
Reply to this comment
why do you lecture
by shenye March 18, 2007 4:31 PM PDT
men, I am related to Mao and I urge you my friend stop chopping up your cards like that Shanghai attitude of yours.
Creating an Economy
by peterduce March 7, 2007 4:33 PM PST
China has been systematicaly removing robotic assembly from any and all production lines for a few years now and putting people to work doing those jobs.

They get wages; they become part of a regulated economy. Production line robots don't.

The increase in the military is not just about sabre rattling or threats. The new recruits and old soildiers are being paid. They become part of a regulated economy.

China is thereby creating an economy by putting people to work, paying them wages which they will then spend, and so it goes with new sources of disposable income becoming available.

Of course the US is paying for it all.

Look at the US-China trade imbalance, and how much US debt China is holding.

I have no comment as to how this came about and was not foreseen other than that US consumers want cheap goods and the administration is determined to let them have them.

One gets only what one is prepared to pay for. As for the ultimate cost -- ahh, that's really the question, isn't it?
Reply to this comment
It is very easy to see the picture why
by Dante_11 March 7, 2007 5:01 PM PST
China is doing a service to US economy by way of trade. In more than a decade, US economy has been kept its low inflation rate at a constant level thanks to chinese's cheap import goods. second, chinese are buying US bonds at an excessive 600 billions dollars to keep our interest rate low that faciliate our financial sectors to grow like in the stock market, personal financial and mortage rates. I personally would like to have to see an equitable trade, but because of internal politic in washington DC makes the job really difficult to achieve. As now, American high-tech industries have been barred to sell their high-end products to china which impede global trade and commence. China's market is far more open than South Korea or Japan when comes to retails and finacial services for american companies. I wish the politicans would foster a better tie in some other trade arena.
Creating an Economy
by peterduce March 7, 2007 4:33 PM PST
China has been systematicaly removing robotic assembly from any and all production lines for a few years now and putting people to work doing those jobs.

They get wages; they become part of a regulated economy. Production line robots don't.

The increase in the military is not just about sabre rattling or threats. The new recruits and old soildiers are being paid. They become part of a regulated economy.

China is thereby creating an economy by putting people to work, paying them wages which they will then spend, and so it goes with new sources of disposable income becoming available.

Of course the US is paying for it all.

Look at the US-China trade imbalance, and how much US debt China is holding.

I have no comment as to how this came about and was not foreseen other than that US consumers want cheap goods and the administration is determined to let them have them.

One gets only what one is prepared to pay for. As for the ultimate cost -- ahh, that's really the question, isn't it?
Reply to this comment
It is very easy to see the picture why
by Dante_11 March 7, 2007 5:01 PM PST
China is doing a service to US economy by way of trade. In more than a decade, US economy has been kept its low inflation rate at a constant level thanks to chinese's cheap import goods. second, chinese are buying US bonds at an excessive 600 billions dollars to keep our interest rate low that faciliate our financial sectors to grow like in the stock market, personal financial and mortage rates. I personally would like to have to see an equitable trade, but because of internal politic in washington DC makes the job really difficult to achieve. As now, American high-tech industries have been barred to sell their high-end products to china which impede global trade and commence. China's market is far more open than South Korea or Japan when comes to retails and finacial services for american companies. I wish the politicans would foster a better tie in some other trade arena.
Well Written
by nuckelhedd March 7, 2007 5:15 PM PST
And very interesting. Loved the part about "her" in the end there.
Reply to this comment
Well Written
by nuckelhedd March 7, 2007 5:15 PM PST
And very interesting. Loved the part about "her" in the end there.
Reply to this comment
Showing 2 of 5 pages (185 Comments)
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