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Thread: When China speaks, the world listens
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[quote=LEONARDO,254111]CANADAGUY, I heard a saying: " when China sniffs and sneezes, the world catches a cold". This might be an overstatement. However, it does reflect the important role that China has played in the international economy to a certain extent. Quote: "In the meantime, the Canadian dollar continued to soar to record levels ($1.10 US today).Canada's dollar gets an additional boost from the country's rich natural resource reserve (oil, gas, metals)" I do favor your ideas. Yesterday, the oil price hit at 98 USD per barrel. Canada benefits a lot from the soaring price of the natural resource. In theory, USA is also rich in natural resource. However, USA is a quite big consumer. Canada has less population than the States, but has more natural resource. China will also face the same problem: a very big spender. Taking a fulll consideration of both natural resource and population, Canada has a comparative advantage over China and USA. [/quote]
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