China appeals to US to focus on economic recovery

Aug 17, 2011 | Posted by: roboblogger | Full story: WLOX-TV Biloxi

Chinese commentators are marking a visit by Vice President Joseph Biden by offering a struggling United States advice: Stop flooding your economy with cheap credit.

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goose

Lombard, IL

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#1
Aug 17, 2011
 
sounds like advice about getting spending under control. duh!
FUGGHEDABOUDIT

New York, NY

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#2
Aug 17, 2011
 

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America cant be saved.

“I love the liberty of speech”

Since: May 11

Bangkok

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#3
Aug 17, 2011
 

“I love the liberty of speech”

Since: May 11

Bangkok

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#4
Aug 17, 2011
 
Oups, wrong topic... sorry, ignore the Yes above, I don't care.
wasburg steve

New Oxford, PA

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#5
Aug 17, 2011
 

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Yes we should quit buying Chineese products and go back to making them in the U.S.A. Wallstreet and Wallmart won't like it but it would do wonders for my neighborhood.

“Angry Antlers ”

Since: Sep 08

Miami

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#6
Aug 17, 2011
 

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wasburg steve wrote:
Yes we should quit buying Chineese products and go back to making them in the U.S.A. Wallstreet and Wallmart won't like it but it would do wonders for my neighborhood.
Precisely.

Now China is in the posiion to dictate to US, thanks to right wing corporate fascists who LOVE doing business with commies.

Specifically Walmart, Target, Cargill, Monsanto, Dow, McDonald's, etc.

Stop buying cheap Chinese crapola, people, and support unions, and we'll have a chance at reclaiming our future from being run by communists.
goose

Lombard, IL

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#7
Aug 17, 2011
 

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Caribou Barbie wrote:
<quoted text>
Precisely.
Now China is in the posiion to dictate to US, thanks to right wing corporate fascists who LOVE doing business with commies.
Specifically Walmart, Target, Cargill, Monsanto, Dow, McDonald's, etc.
Stop buying cheap Chinese crapola, people, and support unions, and we'll have a chance at reclaiming our future from being run by communists.
Either support China or Unions, thats it?
Opposite ends of the spectrum, plenty of room in the middle for young upstarts!
Go Blue

West Palm Beach, FL

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#8
Aug 17, 2011
 

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China is busy stealing all of Africa's natural resources, and they need America to keep buying their cheap goods......
mr bohner

Pittsfield, MA

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#9
Aug 17, 2011
 

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china just saved America.
they cut off democratic borrowing.
now to impeach all republicans in congress on grounds of treason.
Pug

Berwyn, IL

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#10
Aug 17, 2011
 
Though not a fan of isolationism, the U S should concentrate more of its efforts toward domestic issues.

A start would be to reduce foriegn aid, reduce military budget, close 1/3 of foriegn military bases.

Go Blue

West Palm Beach, FL

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#11
Aug 17, 2011
 

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See, Walmart's profits were down last quarter....proving once again, that there is a God.....and he's not chinese....

Since: Nov 08

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#12
Aug 17, 2011
 

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FUGGHEDABOUDIT wrote:
America cant be saved.
Not with liberals in control.

Since: Nov 08

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#13
Aug 17, 2011
 

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Go Blue wrote:
See, Walmart's profits were down last quarter....proving once again, that there is a God.....and he's not chinese....
Yes, thanks to liberal restriction and regulations, the only good middle class jobs now are in a union or government.
WOODCHUCK

North Port, FL

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#14
Aug 17, 2011
 

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JOE is getting his ASS CHEWED OUT by the CHINKS!...."KOW TOW KOW TOW JOE!! LOOKS GOOD ON YOU!!

Chinks Lecturing America.....How low Has OBAMA brought us....the Commies telling us of about MONEY????....the world Is UPSIDE DOWN under this PATHETIC OBAMA!!...YUCK!

GOD DAM AMERICA??...HE IS!!

Since: Mar 08

Brampton, Canada

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#15
Aug 17, 2011
 

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goose wrote:
<quoted text>
Either support China or Unions, thats it?
Opposite ends of the spectrum, plenty of room in the middle for young upstarts!
Interesting. Unions are a lot similiar to communism.
iberifffyster

Singapore, Singapore

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#16
Aug 17, 2011
 
Go Blue wrote:
China is busy stealing all of Africa's natural resources, and they need America to keep buying their cheap goods......
Europe is China's biggest trade partner these days...

.
.
.

Secret: The Richest Chinese Make All Their Money Selling To Chinese Consumers And Exports To America Are A Joke

Vincent Fernando, CFA | Oct. 14, 2010, 11:03 AM

A new survey of China's wealthiest people flips the notion of China as an export-driven economy on its head.

95% of the richest Chinese found in the latest Hurun Report made their money not by selling products to foreigners, but rather by selling products domestically -- to the Chinese consumer.

Under 5% of China's richest (ie. those with $150 million or more) are dependent on exports for their wealth.

The list of ten richest Chinese shows the same phenomenon, with mostly businesses focused domestic consumption :

Chart

China's export economy may be enormous in terms of revenue, but this wealth report says the real Chinese money is made selling to local Chinese.

So while the Chinese economy may seem export-dependent on a revenue basis (ie. on a GDP basis), from a profits perspective maybe China's economy is far more self-sustaining than it appears.
iberifffyster

Singapore, Singapore

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#17
Aug 17, 2011
 

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btw... China is paying for those resources...

not like you americans who manufacture a war and go take the resources...
Pug

Berwyn, IL

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#18
Aug 17, 2011
 
iberifffyster wrote:
btw... China is paying for those resources...
not like you americans who manufacture a war and go take the resources...
Ahh So...

Since: Nov 08

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#19
Aug 17, 2011
 
Juran wrote:
<quoted text>
Interesting. Unions are a lot similiar to communism.
that was their foundation....

Since: Nov 08

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#20
Aug 17, 2011
 

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iberifffyster wrote:
btw... China is paying for those resources...
not like you americans who manufacture a war and go take the resources...
when and where did we take them commrad loon.

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