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Thread: China IS economically a World Power

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[quote=APAULT,229527]I am attaching two extracts from an Australian stockbroker's report which support my view that China is ia already a world economic power.  The rapid development of such a large nation must affect the whole world, and Australia is an economic province of China!

1.  Appropriately named the China Syndrome, the recent meltdown in world equity prices was apparently precipitated by a nearly 9% retreat in the Shanghai Composite Index. Thus we have the media now alluding to the emergence of a new world order…at least in global equity markets anyway. Now it’s a case of China sneezes and we all catch cold rather than the US

2. Based on its minerals exports, Australia’s export income continues to rise, the price we [Aus] pay for many imports goes down (thanks to China's production system) and our terms of trade improve.  That means there's more income in the economy and it’s the single most important factor why the economy is doing well and why unemployment is low.

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