Skip to comments.AP IMPACT: China overtaking US as global trader
Posted on 12/02/2012 4:20:26 PM PST by Cringing Negativism Network
EDITOR'S NOTE - This is the first installment in "China's Reach," a project that will analyze China's influence with its trading partners over three decades, and explore how that is changing business, politics and daily life.
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How can that be when their economy is collapsing into a smoking crater.
Is that sarcasm?
No, should it be? China’s economy is worse than ours, and probably worse than Europe’s. I know they don’t like to talk about that in the U.S. media, but it’s still true.
We won’t wake up anytime soon. The “free trade” crowd will enable the communists to overtake us as the world’s economic power within 10 years, and in the next five or so, China will seek to dislodge the US dollar as the world’s reserve currency. Then we’re pretty much done, because oil prices will climb without any impediment and the US economy can’t deal with high oil prices.
I think you are reading 20-year old news stories.
Just my .02.
By 2020, the U.S. is supposed to be the leading producer of oil in the world.
I agree enthusiastically with your post.
Though I would (like) a different result.
Meanwhile, the "protectionist" crowd will continue to clamor for higher taxes as a solution to the problem, to everyone's amusement.
Quite the opposite. I think you are reading old news. China’s growth rate is going way below where it needs to be. It’s housing market died. And that all comes with the background of a demographic time bomb. Look how weird China’s politics have been this year.
China city before private companies and today after private companies(capitalism)
In contrasts thanks to Obama and democrats the U.S.A cities are degrading into hellholes of socialism (crime and decay) run by democrats.The U.S.A is now the more socialist country. Obama borrows trillions from China to pay gov workers, workers non-profits, and welfare cretins in the U.S. that don't produce anything. Those of us that do produce should go Galt as a protest imo. screw them
Please perhaps you could take some time to go find some “gloom and doom” Chinese economic stories.
The ones I see have China already replacing us with a 3.something unemployment rate while we are double that in the extreme most optimistic measurements - more like triple or even worse.
All Apple and most phones, computers, radios, and all our imported hardware, household goods, tools, frankly just about everything is already imported from China.
We are 16 trillion in debt, and our president wants to keep it up and BORROW MORE MONEY.
We need to stop importing everything now.
We need to make things. It is how we became strong, and losing that capability is a reason we are becoming weaker.
Are you joking? China has many completely empty cities, that the government paid to build, but no one lives in them and no one can afford to.
Yes, I would love to. You can't just listen to what the mainstream media spoonfeeds you. Unlike you believe, they aren't always giving you the whole story. The oligarchs of China have been very worried, because of all the rioting by the people.
U.S. should be far above where it is.
U.S. is in decline cause of this socialist piece of crap Obama and its government regulations. This communist Obama is in the process of stealing our freedom and our property as it has taken most of our opportunity.
Not all Apple, I retract that statement.
But a whole bunch of them, anyway.
I was only talking about China.
Yes ok, but your article does not cover China’s unemployment rate which is half of ours. If not better.
China is growing fast. Fast.
China is also dealing with us on an unequal basis. That did not matter so much when China was relatively small, and we were relatively big.
Now the same rules are still in place, and our relative sizes now are about the same.
We “compete” (sell out mostly) in a ridiculously unequal set of trade rules.
Those rules must change.
And China’s unemployment rate is fabulous, compared with ours or anyone in the West.
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