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FTSE 100 rises as China's economic stimulus package buoys markets - Telegraph

Yep, it seems that the West is going to remain afloat by its companies building China, its funny how things turn out init?

Its also interesting that the US government is spending 750 billion on bailing out banks after the biggest credit binge in history; while Chinese are spending 400 billion building things for use by ordinary people, its a case of socialism for the rich vs socialism for everyone; interesting times.

Galbally;1052289 wrote: Yep, it seems that the West is going to remain afloat by its companies building China, its funny how things turn out init?



Its also interesting that the US government is spending 750 billion on bailing out banks after the biggest credit binge in history; while Chinese are spending 400 billion building things for use by ordinary people, its a case of socialism for the rich vs socialism for everyone; interesting times.


Indeed. I sense the weight centre of the world slowly shifting across.

OpenMind;1052316 wrote: Indeed. I sense the weight centre of the world slowly shifting across.


Its also interesting that Capitalist America with an 15 trillion dollar economy owes 10 trillion dollars, while Communist China, with a 3-4 trillion dollar economy has 2 trillion dollars in its piggy bank.

Thats a damning indictment of the people who have been in charge economically in the States in the last few decades. There can be no doubt that the geopolitical repercussions will be profound and permanent.

Galbally;1052329 wrote: Its also interesting that Capitalist America with an 15 trillion dollar economy owes 10 trillion dollars, while Communist China, with a 3-4 trillion dollar economy has 2 trillion dollars in its piggy bank.



Thats a damning indictment of the people who have been in charge economically in the States in the last few decades. There can be no doubt that the geopolitical repercussions will be profound and permanent.


I pointed to China way back in the 80s and said that they were worth watching. They were ideally placed for regrowth. I think they will also come to dominate Russia given time.

China was a great empire once before and this gives them the benefit of experience also.

As Galbally says it's an odd notion. All this investment money is going to internal reconstruction projects, not to manufacturing for export. I'm quite certain that the bulk of the money's going to local firms, not people like Halliburton. They might get international contracts when there are no competitors allowed, as in Iraq, but China's a different market entirely.