Chinese brace for cracks in ‘miracle’ economy

MikeG Hillsboro NH — Wed, 12 Nov 2008 21:03:10 GMT

Imagine that! Lower taxes and less regulation will fix the Chinese economy. Good thing they don't have Obama or they will get the opposite.

Chinese brace for cracks in ‘miracle’ economy

Fred Quinter — Wed, 12 Nov 2008 21:56:06 GMT

That's a good article, I would like to hear more from China. From what I gather the Chinese atitude seems to be very much like that of the U.S.A. around the turn of the 20th century, & you know where we went from there.

Chinese brace for cracks in ‘miracle’ economy

Mark, Fort Bragg, NC — Wed, 12 Nov 2008 22:02:13 GMT

At least they believe in take care of #1 and not worry about the rest of the worlds problems, its terrible though that their mindset is they hope there "rivals" do worse off than them instead of having an attitude of hopeing others find a good solution also. I wish their "rivals" would quit pouring so much money into China and China products, then see where they stand.

Chinese brace for cracks in ‘miracle’ economy

Jim Karr, Bangor MI — Wed, 12 Nov 2008 22:05:00 GMT

It will be interesting to see if "true market forces" will redirect the powers that be in a Communist country. Nothing like being broke, or nearly there, to drive desperation

Chinese brace for cracks in ‘miracle’ economy

Paul Gorton Columbus Wi — Wed, 12 Nov 2008 22:14:23 GMT

Chinas dependence on exports to fuel the economy has yet to hurt them as much as it will. The one silver lining in this is that Chinese goods will continue to drop in price as thier economy slides downhill with the rest of us.

Chinese brace for cracks in ‘miracle’ economy

jim, charlotte nc — Wed, 12 Nov 2008 22:31:46 GMT

Chinese officials responded by saying they would spackle all cracks with melamine.

Chinese brace for cracks in ‘miracle’ economy

Stanley Ray, Brandon, Fl — Wed, 12 Nov 2008 23:09:00 GMT

Every dog has his day. UK, USA, Japan, China and next perhaps India. Strange as it seems, prosperity seems to bring abundance and abundance provides the fuel to make one person or one country feel and act smarter than they really are. What "comes around goes around" and usually because we the individuals and societies get to big for our britches.

Chinese brace for cracks in ‘miracle’ economy

Dissapointed American, Las Vegas,NV — Wed, 12 Nov 2008 23:23:27 GMT

India has democracy and market capitalism and still they cant send a man to space.

Chinese brace for cracks in ‘miracle’ economy

Mother of 2 — Wed, 12 Nov 2008 23:46:02 GMT

If there was any doubt that China is only out for itself this should leave no doubt. China has been trying to be the world leading economic and military power for quite sometime now and the U.S. has been played for a fool. All those free marketers who have sold this country the lie that importing goods from China was good for us should be tried for treason. This is just as bad as selling information to a potential enemy for a profit even if te destruction of your own country will come by eventually. Wal-Mart should be the first to be tried under a new law that would make this retailers and Corporations who have been breaking the back of the American middle class and all the workers in this country just so they could make huge bottom lines. I remember when Sam Walton sold his store to the American public by saying Buy American. This little refrain was what allowed this company to sweep K-Mart under the carpet and reign supreme. Later when their founder passed away they decided that they now had the public sold on this lie and they promptly started buying everything Chinese they could lay their hands on. The working class in this country had no choice but to buy there because they and other companies made sure that we had jobs that only allowed us to buy the cheap stuff they sold us. By the way I was a K-Mart manager for many years and was a witness on how this all went down. Our own companies have sold us out either by outsourcing our jobs or making sure that the ones we had paid nothing. God help us all now this same people are telling us that we should bail them out, well I say that they should talk to their free marketing pals and the very friendly Chinese government and let them help them out. My future has already been thrown in the toilet and I fear for the less than stellar life that my grandchild will be able to have. God help us all I don't know how we will survive under the world run by the Chinese Communist because that is what they are you know we don't talk to terrorist or countries that may not like us but we do financially support and talk to communist who are after our country and our children futures. Thank you free traders, hope they allow you to keep all the monies you made by destroying this country.

Chinese brace for cracks in ‘miracle’ economy

Gao Wei Li, San Francisco, California — Wed, 12 Nov 2008 23:49:08 GMT

"It's possible for China to fully seize this opportunity so that its rightful standing in the global political and economic order can be raised to a much higher level." Few Westerners realize that the word for China is 'Center of the World'(middle-kingdom is an oft-used and completely wrong translation). Chinese have always thought that civilization begins with them and they are the center of the world. This view is the opposite of the supposed Chinese trait of humility. But at 9% growth during and severe economic downturn China's economy is doing spectacular and 5000 years of self-mythology may finally soon become reality.

Chinese brace for cracks in ‘miracle’ economy

Lubbock, Austin, Texas — Wed, 12 Nov 2008 23:55:37 GMT

If they only knew what we have done to most of the world with our out of control spending coupled with a fiat currency and no accountability by our elected officials and all the time the presses are running 24/7
It is just starting to trickle in

Chinese brace for cracks in ‘miracle’ economy

Ralph A. LaPaugh, Galveston, Texas. — Thu, 13 Nov 2008 00:04:50 GMT

Who gives a damn if the Chinese economy goes in the tank! They have stolen everything they could lay their
hands on in the U.S., from nuclear secrets, to industrial know-how. What they couldn't steal, they bought from corrupt polititions and greedy traitors.
They hate our guts, so let the whole pack rot in their
poison food and junk products!

Chinese brace for cracks in ‘miracle’ economy

"N" - MN — Thu, 13 Nov 2008 00:05:59 GMT

The chickens are coming home to roost China

Chinese brace for cracks in ‘miracle’ economy

Aditya Adhikari — Thu, 13 Nov 2008 00:31:41 GMT

For the last 10-15 years we have been watching greedy corporations cutting the hand which fed them, it all started with layoffs in the United States the biggest consumer economy and consumption hungry populaton in the world.

Once the companies moved manufactring jobs overseas the middle and upper income and white collar workers continued to enjoy the perks of cheap labor, then came cuts in the Job in service sector mostly white collar jobs, no more splurge buyin in stores.

Demand for manufactured goods even at dirt cheap cost is low. when you hear from a Dollar store owner that people are budgeting when coming in to his store you know we are in trouble.

The coorporate greed killed the hand which was feedign it, now China and India and other countries who enjoyed the ride on American Buyer are ging to suffer as American buyer has lost his buying power.

Chinese brace for cracks in ‘miracle’ economy

Jeff, Vancouver, Washington — Thu, 13 Nov 2008 00:51:36 GMT

So, let me get this straight: The Chinese are too "small" to help any other country, yet they strive to be the "superpower" to which they are supposedly entitled? No one should underestimate this dispicable country..They will not stop short of their goal of worldwide domination....at any cost!

Chinese brace for cracks in ‘miracle’ economy

John Peter, centreville, Virginia — Thu, 13 Nov 2008 01:53:05 GMT

With all the bad news about the economies of most industrialized countries in the world, It look like all countries are heading towar a prespice and that very no way to avoid this economic downturn. However, I think that there is hope down the road: Someone has written a book titled" How to end poverty in the world in just 15 years" and in this book, the author describe a new economic model that can put an end to poverty in the world in a few years. While describing This new economic model the author show how a rapid
industrialization of all Third Worlds countries can be achieved and how millions of high paying jobs can be created in all developing countries in only a few years. This new economic model would revolve around new homes building and furnishing and would be based on the interanal market in each country and it can truly eliminate poverty in the world in a few years. I have been to China and I know that despite all the recent impressive chinese economic achievement, there still millions of chinese living in extreme poverty. If China could adopt this new economic model, it could tackle the problem of poverty inside China in a few years and china could rise to the place of the world number one economic super power in a matter of a few years. You can buy this book on Amazon.com, bolders.com, Authorhouse.com or any where else book are sold. Again the title of this book is"How to end poverty in the world in just 15 Years" and it was published by "Authorhouse".

Chinese brace for cracks in ‘miracle’ economy

john bruns, Mercer Island WA — Thu, 13 Nov 2008 03:03:13 GMT

The Chinese problem is really in two governments, the Taiwanese sector, I have been told, is much larger than mainland China, but the mainland gets the headlines.

Chinese brace for cracks in ‘miracle’ economy

Larry Hoskinson Des Moines, Iowa — Thu, 13 Nov 2008 03:16:41 GMT

I do like the idea of taking care of ones self before worrying about the rest of the world. Maybe we should give that a try, lets take care of our own problems before we go out to help the rest. Once if ever we get our feet back on the ground and get the auto industry back in decent shape....

Chinese brace for cracks in ‘miracle’ economy

Michael S. Shao, Corona,CA — Thu, 13 Nov 2008 03:25:52 GMT

China is RIGHT by stressing the urgency of U.S.-China collaboration to stabilize exchange rates and avoid protectionist policies. If China, and the United States don't pass the right legislations, both will miss out on (future) benefits. Why haven't the U.S. taken actions?

Chinese brace for cracks in ‘miracle’ economy

Curious — Thu, 13 Nov 2008 04:53:53 GMT

We can only hope that China is going down - or rather its government is. YooRay for the loss of communism. China is scared to death that its people will rise up against the government and string those bosses up. With so many losing jobs and savings, the government is very worried it will be thrown out. Mass protests or revolt may soon ensue and that is good for the fall of communism. It never worked and never will except by imposing its fist upon the common people. I applaud the masses to rise up and throw the bums out of government.

Chinese brace for cracks in ‘miracle’ economy

VK, Mumbai — Thu, 13 Nov 2008 06:29:35 GMT

There is not much a regular Joe or Jane can do right now except exercise some common sense.

1. Cut down drastically on discretionary spending
Put that money away into a reserve fund, like a fixed deposit with a state-owned bank.

2. If you feel you have some money to spare, use it to buy stocks in blue-chip companies. The investment does not have to be a big one or even all at once. A few units bought every month or fortnight add up to a significant investment over a period of time.

3. Pay off consumer debt like personal loans, credit card bills and the like RIGHT NOW. This will involve putting yourself in a tight spot for a month or so but better to get rid of unnecessary debt while you still have the ability to do so. Who knows what the economic climate will be a couple of months down the line.

Finally don't let this crisis go waste. This might be a good opportunity to negotiate a lower one-time settlement for loans and build new, good habits regarding your money.

Chinese brace for cracks in ‘miracle’ economy

Ghanshyam.M.Ramnani from Gandhidham-Kutch,Gujarat India — Thu, 13 Nov 2008 08:16:04 GMT

Its really very good to make people & govt aware for the comming crisses in every part of the world, so that they become more cautius & start cutting their costs & expenses, & prepare themselves for little lower luxary of life I do appreciate the thoughts by different economists throughout the globe