Forget America, PH future bound with China

[uls]

if China's so great why do wealthy mainlanders send their kids to Harvard?

if China's so great why are wealthy mainlanders buying houses in the US?

if China's so great why are wealthy mainlanders transferring their wealth out of China?

[CVT]

Mautak din kasi talaga ang US,- hindi ginagamit ng full blast ang kanilang natural resources para pag may kaguluhan,- siguradong tuloy pa rin ang supply nila....

17.5K:bruce_lee:

[uls]

actually it's coz of the development of hydraulic fracturing (fracking) and horizontal drilling that made extracting crude oil from oil shale viable

[Monseratto]

if China's so great why do wealthy mainlanders send their kids to Harvard?

if China's so great why are wealthy mainlanders buying houses in the US?

if China's so great why are wealthy mainlanders transferring their wealth out of China?

Same thing with the more fun Philippines...hehehe...

[niky]

they have impressive buildings and bridges and airports and malls and high speed rail but most of their people are still poor

Even worse, once their population reaches median level, goodbye explosive growth (whatever explosive growth will remain after the current slowdown).

[uls]

Even worse, once their population reaches median level, goodbye explosive growth (whatever explosive growth will remain after the current slowdown).

China's wealth came from selling stuff to the West but demand has fallen

to offset declining foreign demand China has to increase domestic demand

but with low wages there's no way China's domestic consumption can replace foreign demand

so the govt has to spend to maintain GDP growth --- build more highways and buildings and bridges whatever (more ghost cities)

....... not impressed.....

[uls]

China has a billion more people than the US

but 300,000,000+ Americans consume more than 1,300,000,000+ Chinese

most Chinese don't make enough money (or have access to credit) to consume like Americans

China still has a long way to go

[boybi]

if China's so great why do wealthy mainlanders send their kids to Harvard?

if China's so great why are wealthy mainlanders buying houses in the US?

if China's so great why are wealthy mainlanders transferring their wealth out of China?

To conquer America one person at a time?

[uls]

^^^

hehe

coz China's wealthy have plan B

a place to escape to

[Altis6453]

China's wealth came from selling stuff to the West but demand has fallen

to offset declining foreign demand China has to increase domestic demand

but with low wages there's no way China's domestic consumption can replace foreign demand

so the govt has to spend to maintain GDP growth --- build more highways and buildings and bridges whatever (more ghost cities)

....... not impressed.....

Once the spending stops, China will be ripe for a situation similar to an Arab Spring.