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Thread: Should China give a hand to the EU?

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[quote=BOBERT,451509]

Insulting me wont alter the facts XIAOBAIHE. I am reasonably experienced in financial matters and visit both China and the US to gain more information first hand. In my opinion US citizens do not need Chinese exports as you so simplistically and arrogantly suggest. They are readily available from many other third world countries and are quickly becoming far cheaper than those produced in China. However China does need export markets or risk imploding. Your own government is fully aware of that fact (apparently they are better informed than you) but also knows those markets are rapidly drying up due to the coming global recession.

"Whether or not the global economy is collapsed involves only two factors, i.e., China and US." Preposterous and absurd! Neither country can survive in an economic vacuum. The world is irretrievably interconnected and all countries are interdependent. That acutely affects China. Far more so than the US which has thriving domestic consumption.

The US holds all the aces in the coming economic war. Chinas hand is almost empty. The only thing China has is billions of dollars invested in US bonds which the US must eventually repay. However there is an old saying. If you owe the bank one thousand dollars then you have a problem. If you owe the bank one million dollars then the bank has the problem. China now owns the problem.[/quote]

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