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Is the party over in China? Massive unemployment looms
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Re: Is the party over in China? Massive unemployment looms
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qwerty11901
Re: Is the party over in China? Massive unemployment looms
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02/18/08 2:51 PM
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Bill, I am not saying a recession is looming but what goes up is bound to go down one day.
The Japanese economy experienced a slump in economic growth after 1993 because the old traditional Japanese corporate way of business could not cope with the ever global economy.
Japan only recovered in 2003 after committing to massive reforms which mostly was adopted from the US. Ironically most of the reforms which was applied were the ones which the US developed in the early 1990's.
China on the other side has never ever experienced a recession which is linked to the global market. As in the Asian economic crisis of 1998, China was still closed.
Their lack of experience in dealing with bubble bursts and with the level of Govt ownership, corruption and the gap in society, with increasing inflation things do not look good.
But at least China is guaranteed economic growth until around 2011. Due to the Olympics and also the 2010 Shanghai World Expo.
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DEFEATING MARXISM/SOCIALISM---WHILE REBUILDING CONSERVATISM
TODAY'S NEWS, USA, S. AMERICA, UN, ETC.
WORLD NEWS
BORDER SECURITY and ILLEGAL IMMIGRANTS
ISLAMIC CULT'S RELIGIOUS WAR AGAINST CIVILIZED WORLD
FINANCIAL, ENERGY & OIL TOPICS
CHITCHAT ABOUT ANYTHING AND EVERYTHING
TOPICS WORTH DEBATING
SUPREME COURT
LIBERTARIAN OR CONSERVATIVE? OR BOTH?
AYN RAND/JOHN GALT & Ayn Rand's Ideas: An Introduction
MILITARY, CONTEMPORARY AND HISTORICAL
NEED HELP WITH A COMPUTER PROBLEM?
ABOUT GUNS
SPORTS
WHAT'S COOKING?
ARTS FORUM
FAIRTAX TO REPLACE INCOME TAX?
THE HOBBY BOARD
IS YOUR COUNTRY ON THIS MAP?
MEMBERS AND GUESTS' FAVORITE URL'S AND WEBSITES
A BIT OF HUMOR
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RESEARCH CENTER FOR ALL KINDS OF HELP
About Bill Fallin
ARCHIVES & REFERENCE CENTER
REFERENCE LIBRARY
Gun Facts & Resources
HISTORY OF THE MIDDLE EAST
NEWS LINKS FOR YOUR CONVENIENCE
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Is the party over in China? Massive unemployment looms
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