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Originally Posted by Cowboy89
Not only that Canada and the US are starting to put legislation in place to block any M&A activity by foriegn owned corporations that are owned or operated by governments as opposed to private companies. I agree with them. We should also be doing a better job at fighting back against industrial espionage by China too. I say it's time to limit the business we do with them outright beyond cheap shoes and trinkets.
It's a relative world and this US = worse than China garbage has gone on long enough. It's easy to condemn the US, everything they do domestically and abraod is under the microscope. However our lens on China is obscured by their facist, totalitarian, government (we honestly don't even know about countless other attrocities that they sweep under the rug from foreigners and their own people). When China is free and open, then and only then can such comparisons even be made. I'm not willing to give them the benefit of the doubt.
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Heh nice. Well, fight the good fight my friend.
Me, I whole heartedly embrace new change. China, India and to lesser extents Russia and Brazil, I welcome the new change and will move along with the rolling times.
JohnnyFlame, beautiful post. That is exactly what I think as well. I know London, who has intimately worked with China on the Olympics, has been impressed and has had nothing but praise for China for putting on these Olympics as they take the symbolic stage to being a world power. From those working intimately with the Beijing Olympics, they say its going to be the best there ever has been and the best there will be for a very long time. You know its serious business when that comes out of London. JohnnyFlame is bang on, this is a country that's economy is not only growing, but their society is evolving, they are cleaning up their cities and leading the technical revolution along with India. If Dongtan goes through, it'll be the first eco-city in history - how's that for environmental concerns. 3rd world development? Major contracts were signed with African countries to exchange natural resources for financial aid (I believe, memory is weak) since China's demand for natural resource consumption is growing exponentially. Hell even tourist development, millions were pumped into Guilin alone in the previous year. Their tourism industry has exploded the past 5 years.
Boycott China? Go ahead. China's reliance on the USA economy - while still strong - is lessening, and they are becoming independent on their own. Even without the boycott, North America is likely to be left on the curb side watching India and China become the co-dominant countries of the world, with easy trade routes between the two and Russia.
Oh, by the way, China holds the majority of the USA's debt in T-bills. If the USA can pay it off, I'm sure they're gonna want their money back some day.