Broadly, I see the glass as half full and you see the glass as half empty (with regards to China). And we may both yet be correct.
I note that our discussion is moving further and further away from the topic being discussed and I'll like to stop, out of respect for the topic starter.
One of the joys and pain in taking part in a forum where the members are from different countries. The presence of a diversity of opinions.On a good day I like to be in agreement with what you say, but I, sadly, think that things are going to go bad.
Part of the reason for China's rapid economic growth initially was the huge influx of foreign direct investments (FDI) into China to serve external markets. Today, China's listed companies are starting to go abroad and making their own FDI decisions in other countries. Fundamentally, China currently lacks an internal consumer market and needs to rely on exports for continued economic growth. China's consumer market is nothing compared to the dynamics and money-rotating consumer atmosphere in Hong Kong, the EU or the US. A fact that the Communist Party of China (CPC) is also aware. If the investment and consumption cycles are not disrupted, there is every chance of rising prosperity.Let's view it from a "western" viewpoint. While I don't think that china relatively will reach western economical standards for the next 50 years, China doesn't have to, in order to become a economical power the equal of the west. This, I think, is not a problem in it self, in a capitalistic system we should prosper by china's rising prosperity and all should be good.
I note that our discussion is moving further and further away from the topic being discussed and I'll like to stop, out of respect for the topic starter.
IMO, there's plenty of greed to go around.My best hope, OPSSG, is the interest in making money. Greed is, after all, perhaps our best hope for peaceful coexistence!
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