so what exactly is funny?

The wild assumptions made in this thread!

made by who?

Only the topic Rose.
Not the posters!

ahhhh ok...i think

same subject from the china post

http://www.chinapost.com.tw/business/company-focus/2009/04/21/205041/GM-may.htm

Well, this ain't gonna make me any friends....

My woman is a contract negotiator between U.S. companies..Duracell, John Deere, Ford..you name it....and China...(as well, as several European and South East Asian countries. She hates it and really wants to be back stateside but, for the sake of insuring a future for her son's higher education...she gotta be where the money is...and let's face it...she can make more than 3 times the wages overseas than she can here doing the same job.

It is a catch 22 with no easy answers.

If she didn't do it, someone else would.
I think she better watch her job. Some of the posters here would do ir just for the pleasure of seeing the outsourcing.
Way ta' go, BHO!
Save them jobs!
Save the China's economy!

I don't really get it

Americans are not buying cars. GM is closing plants because why keep building cars no one will buy? People seem to think the car companys should keep manufacturing cars for millions of dollars and then just store them somewhere?

In China they are buying cars like hotcakes. Toyota and Hundai are already there making billions of dollars in sales. We could be

But we are too busy squabbling in the sandbox like little kids over right versus left and culture wars

Mkae no mistake, the Chinese are studying us under a microscope. Studying our social models and our economic models and our business models. They are copying what works and disgarding what doesnt

while we are whining over teabag parties and waterboarding investigations they are kicking our asses in the global economy

I hear ya'. Go where the money is. My deal is, a thread that BHO enthusiasts participated advocated bailing out GM. There were claims made, if we didn't bail them out, it would be bad for National Security.

that is probably one of the aspects of our economic model that the Chinese would scrap

under their version of it, they would probably just execute the President of GM

In that case, I won't apply for the job!

Not like you would think!

A very small percentage of Chinese even own cars!
Their economy?
Why do you think China is not listed as a first world country?
Have you ever heard of the SEZ's?

Their are two Chinas. The one they want you to see and the real China! The SEZ's drive their economy and foreign corps drive the SEZs. The large majority of China does not get to share in the profits generated by the SEZs.

From the CIA world fact book,

China

GDP - per capita (PPP):
$6,000 (2008 est.)
$5,500 (2007 est.)
$4,900 (2006 est.)


The US

GDP - per capita (PPP):
$47,000 (2008 est.)
$46,800 (2007 est.)
$46,300 (2006 est.)

China has a lot of problems. They just dont allow you to see what they dont want you to see.
Their economy is dependent on a heavy export industry. The disparity between their govs purchase power and that of their populous makes the US and European markets very important to them. If we dont buy, their economy suffers.

Now let me back up,
China has a lot of problems. They just dont allow you to see what they dont want you to see.

If you notice in the first paragraph of the op you will see the words economic stimulus.
The Chinese economy has suffered right along with the rest of the world. They also cut a stimulus plan for their economy.
How bad has the recession affect them?
Who knows. They will never let on to the world the true severity, but I'll guarantee they they have suffered!
Their economy is just as much dependent on ours as the rest of the worlds.

yeah, that is what I've been saying. The Chinese economy is kinda symbiotically linked to ours. we are their biggest consumer. China is right on the edge of becoming the biggest player in the world economy. The observation that worries me most is that we as a culture have gone from being the worlds greatest producer to the worlds greates consumer and allow other nations to do the producing




The only reason the Americans poured billions into GM was to protect jobs. and THAT is a crappy business model

Here's an interesting article,


China Will Keep Buying U.S. Government Debt
Its trade surplus depends on it.


Worries about China's finances are once again resurfacing in America. Commentators from Newsweek's Fareed Zakaria to British economic historian Niall Ferguson argue that Washington needs China to buy U.S. Treasury bonds to fund U.S. fiscal spending. And with Beijing embarking on a public spending plan of its own, the argument goes, China can't afford to play the role of America's lender of last resort anymore.

This fearmongering grossly misrepresents the U.S.-China economic relationship. For starters, China's two trillion dollars in reserves is already invested, so it cannot be used to fund future U.S. deficits. China can only invest future reserve accumulation in U.S. debt, and the only way it can accumulate new reserves is by running a trade surplus.

These new reserves cannot be spent at home. China's currency regime, in which the central bank intervenes to set the value of the yuan by buying dollars and selling yuan, does not permit it to convert any of those dollars back into yuan. If it did, reversing its role from buyer of dollars to seller would cause the currency to soar, and if that happened, Chinese exports would collapse -- not something Beijing wants.

Even if China wanted to invest outside the U.S., it couldn't. If China recycled its foreign currency into, for instance, the European Union or Japan, it would effectively force those trading partners to run large trade deficits with China, which neither can absorb. The rising yen and rising euro would slow both economies enormously. That leaves only the U.S. as an investment destination. As long as China wants to keep its exports to the U.S. strong, it must recycle the trade surplus back into the U.S. It is a symbiotic relationship that is unlikely to change anytime soon.

The U.S. government may also not need external financing anyway -- from China, or anywhere else -- to fund its fiscal spending program. As U.S. consumers save more, they will have to invest those savings. That additional investment will likely be more than enough to fund the higher fiscal deficit. The money that used to go toward financing private U.S. consumption will now go to financing public U.S. consumption.

Most importantly, there is no tradeoff between China choosing to finance its own fiscal spending or American fiscal spending. As the U.S. heads into recession, its consumers will save more and consume less. That creates a problem for China, which has overinvested in export businesses and infrastructure. The more the Chinese spend in China to stimulate consumption there, the less the U.S. government needs to spend in the U.S. to jumpstart American consumers.

In the short term, some U.S. fiscal expansion may be necessary to slow the pace of the U.S. and global economic adjustment and to give traction to Chinese fiscal expansion. In the long term, it is much healthier for the Chinese side of the economic imbalance also to be reduced, by an increasing Chinese consumption. The more China is able to boost demand in China, whether by increased household spending or fiscal expansion, the better off both countries will be.

U.S. and Chinese economic policies today are not incompatible. Both countries desperately need the same thing -- economic growth -- and both are trying to achieve just that. Worries about China's finances or intentions are not grounded in fact, and misrepresent a cooperative, complementary relationship.

Mr. Pettis is professor of finance at Peking University's Guanghua School of Management.

http://online.wsj.com/article/SB122806735083967109.html

To help our economy recover, why not do as the Chinese. Pay slave wages, beat those workers that are slackers. Put kids on the lines.
I remember a day when we didn't do business with Commies. They were boycotted because of their human rights issues.

the Chinese seem to have pretty well moved beyond that. It was true in the 70's and 80's but not so much now