Saturday, November 19, 2016
19 of 296 Is China about to collapse?
Donald Hank writes:
There is an abundance of propaganda videos and articles purporting to show how China is going bust. Indeed China has made some bad investments, built ghost towns, over-invested in steel production, etc.
However, it has apparently learned from its past experiences and made some excellent investments since those bad ones. Any journalist or expert who writes ONLY about China's bad investments and debt is in fact a propagandist interested in maintaining US hegemony and the now-threadbare Exceptional Nation notion that has wiped out much of the Middle East (What's the problem here?
Too many Americans view the US and the rest of the world as two big football teams pitted against each other. In a sane and healthy world, that would not happen. We would cooperate and prosper together). A balanced report on the Chinese economy will at least mention the AIIB, the One Belt, One road infrastructure project (the largest infrastructure project ever undertaken), the many countries that are US "allies" who have invested in China's AIIB and have set up RMB clearing centers, a comparison of the US economy and the Chinese economy, the countries like Philippines that have switched alliances from the US to China, etc.
Please check out:
http://www.renewamerica.com/
It should not surprise us that China, the country with ancient canal systems rivaling those of today (at a time when my Germanic ancestors were running around the woods in bear skins), should come up with this idea to build the largest transport system in the world.
Here is a video that is not anti-China propaganda:
https://www.youtube.com/watch?
If the US wants to invest, this is a viable possibility. Pretending that China is about to collapse will cause investors to steer clear of some excellent prospects.
Best,
Don
There is an abundance of propaganda videos and articles purporting to show how China is going bust. Indeed China has made some bad investments, built ghost towns, over-invested in steel production, etc.
However, it has apparently learned from its past experiences and made some excellent investments since those bad ones. Any journalist or expert who writes ONLY about China's bad investments and debt is in fact a propagandist interested in maintaining US hegemony and the now-threadbare Exceptional Nation notion that has wiped out much of the Middle East (What's the problem here?
Too many Americans view the US and the rest of the world as two big football teams pitted against each other. In a sane and healthy world, that would not happen. We would cooperate and prosper together). A balanced report on the Chinese economy will at least mention the AIIB, the One Belt, One road infrastructure project (the largest infrastructure project ever undertaken), the many countries that are US "allies" who have invested in China's AIIB and have set up RMB clearing centers, a comparison of the US economy and the Chinese economy, the countries like Philippines that have switched alliances from the US to China, etc.
Please check out:
http://www.renewamerica.com/
It should not surprise us that China, the country with ancient canal systems rivaling those of today (at a time when my Germanic ancestors were running around the woods in bear skins), should come up with this idea to build the largest transport system in the world.
Here is a video that is not anti-China propaganda:
https://www.youtube.com/watch?
If the US wants to invest, this is a viable possibility. Pretending that China is about to collapse will cause investors to steer clear of some excellent prospects.
Best,
Don
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