Re: China's Economic Prospects: 2006-2020.
- From: "Mohammed the Holy Nabi" <Moonyonjet@xxxxxxxxx>
- Date: 14 Apr 2007 18:32:48 -0700
China is competing with other races for raw materials.
this early 21st century situation is like the pre-war period of
1933-1938 when the Germans were competing with the British for
minerals and raw materials for the German economic recovery and
German arms re-armament .
the Germans had to pay higher prices for raw materials than the
British in the pre-WW-II period ,
because the British owned most of the mines outside Europe.
this is happening now, the Chinese have to pay higher prices for
raw materials than the other races which have their own mines.
On Apr 14, 11:44 pm, PaPaPeng <PaPaP...@xxxxxxxxx> wrote:
On 14 Apr 2007 07:47:59 -0700, "ltl...@xxxxxxxxxxx"
<ltl...@xxxxxxxxxxx> wrote:
China's Economic Prospects: 2006-2020.
Carnegie Endowment for International Peace.http://www.carnegieendowment.org/files/cp_83_polaski_final.pdf
One thing is for sure. China will have a tough time ahead.
Peak oil is not helping.
China pays the world price for its energy supplies. For any change in
supplies or in price everyone else in the world will be affected.
Therefore there is no relative advantage or disadvantage vis-s-vis the
other countries. Only the US among the developed countries has
grossly underpriced gasoline supplies and will therefore feel the
consequence of tight supplies the most. And she (the US) is stuck
because her people live far away from their workplace and there is no
alternative but to drive half an hour or more than 90 minutes (a
recent report has this sector growing significantly) one way to get to
work. Most Chinese live within a bicycle ride or a bus ride to work
and the public transportation is always full and therefore profitable.
Much of China is still unexplored with regard to mineral resources.
Western China is of the same geological formations as the oil and gas
rich regions of Central Asia, Mongolia and Russia. It will be
unlikely that oil and gas formations will miss Chinese territory. In
the meantime China is exploring all alternatives of power generation
including nuclear fusion (not fission) power. In the near term (next
10 years) China will do OK. Beyond that China will juts have to come
up with appropriate strategies. Nothing grows forever.
.
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