[Marxism] Exaggerating Chinese economic power
sartesian at earthlink.net
Tue Jul 29 16:19:51 MDT 2008
No not the BDI, I wasn't referring to any index. Geez Marvin, the Baltic
Dry Index refers to dry bulk cargo, not tankers not container ships.
Think I cited it, on list, once or maybe twice. Hardly frequently
Yes, 2/3 of the growth in world trade was due to decline in exchange rates
for the dollar, this includes all the trade from the Asian NIEs and China.
But I did not say that the value of total exports from China to US
declined-- I said container shipments declined. Container trade, which had
been the fastest growing, and most unbalanced portion of the East/West trade
has declined. I think that's an ominous turn-- for China and the NIE's.
So.... you really think that China will have uninterrupted growth--
impervious to downturns?
Wow? If only Marx could see this...
I think we really need to explore the strength of China's "domestic market,"
which was exactly my reason for asking those "When did we" questions. I
don't think China's internal markets, productivity, infrastructure,
performing-debt ratios are strong at all. In fact, just the opposite.
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