China on the rise!

[uls]

The u.k. was the world power when the pound was the reserve currency. then the u.s. became the world power and u.s. dollar the reserve currency. it's all about who owns the reserve currency

Talk of china becoming the next world power is premature. the renminbi doesnt have what it takes to be a reserve currency. it's not even freely traded. they dont have a bond market comparable to the u.s japan uk germany

[Monseratto]

buddhist religion lang yun, somewhat inferior to Christianity.

Nakow sir, isang dahilan kaya magulo ang mundo. Religious intolerrance. Yet Buddhist Thailand is wooing more investors and tourists than Roman Catholic Philippines...I wonder why?

you know why the US is always unbeatable. the cold war, the asian wars, the middle eastern wars. bec. they are Christians.

Ano tawag mo sa Vietnam war? Eh sa Somalia nga, suko agad.

walang papatutunguhan ang atheistic govt, it's only effective as long as the system is effective. if the system collapses, and the people are confused. they have nothing to turn to but spirituality to regroup and to reunite. eh ang problema wala nga eh, so hayun kita mo, nun SARS, nun Asian Financial Crisis, pakamatay na lang ang solusyon ng mga Intsik.

Hello, China has been in existance even before Christianity has flourished in Europe. Anong tingin mo sa Great Wall?

eh tayo mga Filipino, inabot na natin lahat coup, bagyo, lindol and even flight of investors noon araw, but we remained intact bec. of our religion, our Christianity, and even our Catholicism bec. the Pope is there to always to inspire.

And yet the world still calls us the sick man of Asia. 60% of the population living in poverty. And when has Pope Benedict ever officially visited the Philippines as Pope?

ano akala ng china, tutulungan sila ng buong mundo if they collapse. eh sa nakikita ko may impending collapse sila eh, they're too big. sa kanila lang applicable yun too big but will fail unlike certain fortune 500 companies of the US. why bec. nobody in the world really likes the Chinese to begin with.

Beside being the biggest customer outside the US for companies like Boeing and GM, China holds the US by the balls, being the biggest holder of US debt in treasury bonds. Europe had to send a high level delegation to beg from China. The US and Europe needs someone to borrow money from.



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Yung Russia nga eh, nun nag-collapse ang berlin wall, and they became democratic, akala nyo ok na. they experienced the 10 year Russian Financial Crisis, nobody helped them coz still the stigma of communism na they were once were, only made other countries ignore them.

US and Europe through the IMF lent billions of dollars to stabilize the Russian economy.

kung sa Russia nangyari, sa china pa kaya. Russia can't even cry to the world, Hey we're Christians too (they are predominantly Eastern Orthodox Christians), help us! hindi eh, bec. the US and the Vatican knew that the Eastern Orthodox Churches were infiltrated by former KGB agents to spy on the West.

Hanga talaga sa conspiracy imagination mo OB, yet GOD gave the Russians oild field which is powering their economy...

eh sa China, ano ang pang-ask nila ng tulong? walang religion, no democracy, hoarder ng pera. nothing in common for all of us.

Kaya yung mga tsinoys #1 ngayon sa pinas dahil nag hoard ng pera...

Basta OB, don't take these criticism seriously because nobody takes your comments seriously either.

[Monseratto]

List of World’s Largest Creditor and Debtor Nations

2010 Country NIIP (Net International Investment Position) statistics by the IMF. NIIP is defined by a country’s total domestically owned assets minus its foreign owned assets. All figures have been adjusted to nominal US dollars.

[isa1023]

Sir pag negative yung NIIP ano ibig sabihin nun? Yung ba yung value ng utang?

[confused shoes]

You think it actually works?

Chinese censors can only fool the Chinese. But it's a disadvantage. Covering up the problems simply means that nobody learns from the mistakes in development that have cost China billions. From the failed agricultural programs to the ceaseless infrastructure development... they're all going to feel it come pinch time. China's only aces are the huge natural resource base and low wages.

If you are saying if censorship will actually work? I agree with you. The cummies can only fool their own.

What I am saying is that why do we have to show the world the bad side of the Philippines when we can show the beautiful things. It's all about attitude. Like the photos posted above. What can we get from posting slum areas in the net? Who are in their right mind visit slum areas in the Philippines? Every Filipino know that slum areas is just a dot in the entire archipegalo but if it is posted in the net, it will become the face of every Filipinos. I believe you've been in Hong Kong. Can you blame the Chinese if they look at every Pinay a maid?

By the way, low wages is no longer the strength of the Chinese and they are now short of hand labor. By the next generation, they will ran out of factory workers mainly due to their one child policy. Sooner or later, the wheel will turn and will find its course.

[Monseratto]

Sir pag negative yung NIIP ano ibig sabihin nun? Yung ba yung value ng utang?

Yep...

List of World

It is no surprise that the most indebted country, the United States, takes the bottom of the list. Its NIIP means the value of its domestically owned assets is less than its liabilities to foreign investors. We see Spain, Greece, Italy, and Portugal on the list of negative NIIPers as well. Japan, China, and Germany are effectively the countries with the largest NIIP. Countries with a positive NIIP are considered to be creditor nations, while those with a negative NIIP are debtor nations. For everyday investors, the NIIP of a country promises to be a leading indicator of a country’s overall fiscal responsibility. Diversifying holdings in both creditor and debtor nations could help spread a portfolio’s risk over time.

Note that Germany and Switzerland have been acting as the main Eurozone creditors by maintaining a large and positive NIIP. Investors should keep the NIIP figures in mind when measuring the creditworthiness of a country and its businesses. Ultimately, the terms of trade will be determined by those nations that are willing to lend out their capital. Debtor nations will be the ones stuck with the credit card bill.

[isa1023]

By the way, low wages is no longer the strength of the Chinese and they are now short of hand labor. By the next generation, they will ran out of factory workers mainly due to their one child policy. Sooner or later, the wheel will turn and will find its course.

Automation could be another factor.

For instance, their textile industry:
Week in China - An American revolution

[uls]

naturally trade surplus countries are creditors

they are the ones who have surplus cash which they have to park in government bonds

China earns lots of dollars so there's no other place to park those dollars other than US treasury securities

[gsprimetime]

Nama punta na ba kayo as china

[uls]

China is f#cked when the US can manufacture everything cheaply using robots

there will be no need for China

[isa1023]

If you are saying if censorship will actually work? I agree with you. The cummies can only fool their own.

What I am saying is that why do we have to show the world the bad side of the Philippines when we can show the beautiful things. It's all about attitude.

We're actually blaming media here, not social networking. And the world as the audience, not our fellows.

But yes, I am pro-media censorship but on the interest of national reputation only.

[confused shoes]

Automation could be another factor.

For instance, their textile industry:
Week in China - An American revolution

When that time will come, it is like Cherry, Foton, Great Wall, King Long competing against Ford, Isuzu, Hyundai, GM, VW, Man, Hino, the rest. Now take your bet when reliability comes into play.

[Monseratto]

China is f#cked when the US can manufacture everything cheaply using robots

there will be no need for China

I can imagine thousnds of robots making things from kitchen cabinets to tiny toy soldiers...hehehe

No need for humans either...Unfortunately the US is in no position to do that, with a high unemployment rate and all...

[uls]

The End of Chinese Manufacturing and Rebirth of U.S. Industry - Forbes

The End of Chinese Manufacturing and Rebirth of U.S. Industry

There is great concern about China’s real-estate and infrastructure bubbles. But these are just short-term challenges that China may be able to spend its way out of. The real threat to China’s economy is bigger and longer term: its manufacturing bubble.

By offering subsidies, cheap labor, and lax regulations and rigging its currency, China was able to seduce American companies to relocate their manufacturing operations there. Millions of American jobs moved to China, and manufacturing became the underpinning of China’s growth and prosperity. But rising labor costs, concerns over government-sponsored I.P. theft, and production time lags are already causing companies such as Dow Chemicals, Caterpillar, GE, and Ford to start moving some manufacturing back to the U.S. from China. Google recently announced that its Nexus Q streaming media player would be made in the U.S., and this put pressure on Apple to start following suit.

read the whole thing

[confused shoes]

Nama punta na ba kayo as china

I was there when the they turned the strawberry fields into manufacturing complexes. When the local factory managers ride bicycles and now they drive BMWs.

[isa1023]

China seems to know who to befriend too:
Week in China - Feeling bearish

Of course, for the benefits of economic and military security at the expense of more pressure from the US.

[Sweetlucious]

I was there when the they turned the strawberry fields into manufacturing complexes. When the local factory managers ride bicycles and now they drive BMWs.

Those middle class turned upper class loves BMW, while those who rose from the ranks loves Buick.

[rangeles]

Success is not a one ingredient recipe. I believe successful countries have a visionary and selfless leader who is being supported and respected by the people irregardless of their religious beliefs, working towards in a common goal to be the number 1, and bounded by a good and robust system without corruption and personal interests. This I believe is what happened to South Korea and Singapore. This is what we lack until now.

[uls]

the health of the Chinese economy in 1 chart

[Monseratto]