Quote:
Originally Posted by moon
I work in the Oil and Gas industry.
I have travelled overseas since I was a kid back in 1990.
Most recently was in India September 2007.
I haven't been to China so I can't speak to it completed, which was why I focused on India in the post, but unless everyone in the world is lying there are still huge issues in China that they need to focus on themselves.
I have worked with Chinese companies though as recently as 6 months ago and if these are any indication of how China and communism operates (and it would appear there are issues that I found that could be related to communism) then they are a long way from being successful.
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Interesting
I'll admit, I've never been to India. However, about 90% of the people I know here in San Jose are students from India on a visa. Quality of life, as far as I know, is not the least bit poor there. Politically, they aren't the most stable. Education and knowledge, and I know I keep going back to this, I think India or people from India have the strongest foundation for. This from looking almost purely at the high-tech anyways, as I said, I believe the key driving industries in the future are high-tech, medical and energy, and India boosts these in spades. They currently have a strong foundation in IT.
China, again, has issues. No argument from my end. Its turbulent, and they're hitting the curb a few times, but they're getting there. Look no further then Beijing and Shanghai's growth in the past 10 years. For all of Azure's "capitalism is the best we've ever seen" ... China is the fastest growing economy in history.
What are China's issues you speak of? Nationalizing certain industies? Being in oil/gas, I can see where you are coming from. I have read lots of reports about potential nationalizing of certain parts of the energy sector and price control. However, this isn't the same issue that affects all sectors of the economy; I have an uncle and a cousin who own and run multi-million $ companies (one in production, the other in life sciences) in China - that industry is not an issue. They are struggling recently on a whole, yes, as the world economics suffer. But long term, its hard to believe that anyone doubts China's growth.
But as far as issues is concerned, look at the US ... nobody can deny there is a huge elephant in the room there. And IMO, its the tip of the ice berg.