politics

China calls on U.S., Japan to fix their finances

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© 2012 AFP

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Nice try China- - ----------------------RECOMMENDATION # 1 : Stop out-sourcing USA and Japanese jobs to China. . . . . Wonder what would happen to Chinese economy if all the US factories there would shut down.?????????????????????

3 ( +9 / -6 )

Who cares what a totalitarian state with a massive impoverished population think about our economies. China should deal with her own ticking time bombs of bubble property rates, abject poverty of the masses and ecological disaster that defines much of what it does in industry.

2 ( +5 / -3 )

Wow, pot, kettle, black, etc.

60% of China's GDP is from government spending, which is largely based on money - printing.

The majority of their economy is based on construction. You think Japan is bad, with roads that few people use? China's created HUGE CITIES where NOBODY LIVES just to try and keep their economy going.

The REAL REASON China is worried about U.S. Fiscal policy is thus:

1) The U.S. has stated they are going to PRINT MONEY indefinitely (QE3)

2) China has to print money just as fast as the U.S. to maintain their exports

3) China's inflation is the biggest concern for social unrest

They are stuck between a rock and a hard place, because:

1) If they stop printing money at the same pace as the U.S., their exports (and economy) will suffer - leading to massive riots and social unrest

2) if they continue to print money at the same pace with the U.S. , their inflation will skyrocket - leading to massive riots and social unrest.

There's a currency war on, and the U.S. is winning, Pure and simple. China is going to lose, NO MATTER WHAT. It's just a matter of time, and they know this.

Another reason for China to be angry at U.S. fiscal policy is that they own trillions in U.S. debt, which will be made pretty much worthless by any runaway U.S. inflation (weakening of the dollar).

They lent the U.S. real money, and they're going to get paid back in monopoly money while the Chinese economy crashes.

8 ( +9 / -1 )

There is huge advantages stopping outsourcing to China. USA and Japan people will have more job :)

1 ( +1 / -0 )

The best thing is that the Chinese nationals at the Federal Reserve are responsible for billions in lost money. Not even joking, the number of Chinese nationals at the federal reserve has increased several fold since obama took office.

0 ( +3 / -3 )

gaijinfoOct. 14, 2012 - 09:41AM JST

They lent the U.S. real money, and they're going to get paid back in monopoly money while the Chinese economy crashes.

Chinese money is more monopoly style than the US or Japan's. Almost everything is debt backed, and with all the state money going to provinces for public works projects that are unnecessary and ultimately have negative returns, they are likely in trillions of dollars worth of internal debt, and backing their currency with that debt.

1 ( +2 / -1 )

The bubble will burst and when it does the PRC will find itself in a whole lot of pain.

I wonder who they will blame when that bubble does burst?

1 ( +2 / -1 )

Hmm... aren't even the poorest Americans and Japanese better off than the average Chinese?

4 ( +4 / -0 )

As I stated in a different post last week: China -- smoke and mirrors; wait until the bottom falls out!

2 ( +2 / -0 )

Chinese export jump surprisingly after dispute with Japan worsen. Keep on good work, guys.

-1 ( +2 / -3 )

Have a look at this link, if you've been disconnected from the rest of the world for too long:

http://edition.cnn.com/2012/10/13/business/china-trade-september/index.html?hpt=hp_bn1

-1 ( +1 / -2 )

You guys dont be upset as remarks given by China, he has no intention to embarass anyone but talking 'facts'! The Bush family has done many 'great jobs' helping China and wrecking America's hegamony, they were CCP true good friends! My gratitues to Bushs both Father and son were great 'presidents'!

-1 ( +1 / -2 )

ROC will collapse in near future. They know it and the Chinese with money are moving out of the country with the money they have extorted from their own people, Chinese people. sad

0 ( +0 / -0 )

RoC is taiwan.....sure this is not goimg to happen, you know China has(PRC) has controlled her economy already!

-2 ( +1 / -3 )

The rise of China is good to lecture lessons around the world! We dont have wars in Iraq or afghan in the past decade and you guys must understand America shall never downsize her military spending but getting involved in middleeast like Iran, Syria in coming decades!

-3 ( +2 / -5 )

Both the Japan and America were very unresponsible for the world and human's future as their problematic political system is endangering the world's economy! that is who is well said in the forum by china!

-1 ( +1 / -2 )

China is keeping half of the population poor as they can supply to the foreign companies as cheap labor. The rich Chinese ( politicians and Chinese business man) are enjoying the rich in other countries and putting it in the swiss banks. They are ruling the country and poor Chinese are just slaves of them...

1 ( +2 / -1 )

Sorry China that there are not enough jobs in the world for you to devour. Without those, you are essentially meaningless. For those of you buying goods made in China (the phrase used to be 'made in Japan') you are also feeding the dragon. Think, 1 i-somthing = 5 chinese bullets.

0 ( +1 / -1 )

Fix yourself first China!!!!!!!

Stop copying technologies and make your own instead. Stop acting like a baby, patriotism should not affect business. Stop manipulating your currency and let it appreciate. . . . sigh

1 ( +3 / -2 )

The Chinese government's message is simple: The world including China were sitting idle to wait until their endless debates,blashing and 'rotation of state leaders' in America and japan, not until the world economy has goes chaotic because of them (US,Japan). Both countries were 'obstacles' in 21 century human history!

-4 ( +0 / -4 )

The Naked King named, again...

1 ( +1 / -0 )

China that there are not enough jobs in the world for you to devour.

They didn't coerce outsourcing into their country. It was foreign corporations which sent jobs there to take advantage of cheap labor and high profits for their CEOs and shareholder. China also got rich and environmental pollution in return.

China -- smoke and mirrors; wait until the bottom falls out!

That's can also be a description of the rest of the world- Europe, USA, Japan - is also perched on a fiscal cliff.

2 ( +2 / -0 )

Is this the same China that decided to boycott the recent IMF meetings over a petty island dispute?

4 ( +5 / -1 )

The nice thing about the Chinese is that they have a good sense of humor. These little jabs at the US must be very satisfying. Next they'll be asking us if we'd like them to supervise our elections, so that everyone's vote can be counted fairly. Someone is having a lot of fun with this.

1 ( +1 / -0 )

The Japanese government should really rethink its Post WWII economy and foreign policy ! I hope that the academic professors in Tokyo University, Keio University, Waseda University, Kyoto University,... can be creative enough to find a new way to pull Japan into the 21st century ! US economic and military colonialism brings NO advantages any more and will only pull Japan back to a second or third ranked country... The Japanese government should try to pull Japan back to the 21st century with the ASEAN countries and of course ALSO China/Taiwan and Korea (both North and South) ! East-Asian Unity like the European Union (which now deservely won the Nobel Peace Prize) is (only) way to go for Japan to stay peaceful and prosperous !

0 ( +2 / -2 )

A little over 20 years ago, Japan looked on top of the world and started lecturing the US in the same way.

0 ( +1 / -1 )

Let me borrow words from Get Smart. The comment was just "AMAZING".

1 ( +1 / -0 )

The point is correct. Just made by the wrong country.

0 ( +0 / -0 )

Hmm... aren't even the poorest Americans and Japanese better off than the average Chinese?

Quite a skewed view, in terms of per capita GDP and statistics, of course it looks poor. However, in terms of standard of living, the middle class in China has reached parity.

-1 ( +0 / -1 )

The point is correct. Just made by the wrong country.

Agreed...however, the country is right then.

0 ( +0 / -0 )

Japan and USA have used to seat on the top seats in the world economy arena. No more now. Come on, does not metter what excuse you have, please make you GDP with meaningful growth instead of thrinking, will you?

-3 ( +0 / -3 )

Sorry, China, the U.S. is not even going to get started on getting its financial house in order for at least another 4 years, unless Obama seriously screws up in the next debate.

0 ( +0 / -0 )

The best thing is that the Chinese nationals at the Federal Reserve are responsible for billions in lost money. Not even joking, the number of Chinese nationals at the federal reserve has increased several fold since obama took office.

Did you mean former Goldman Sachs employees who work at the Fed are responsible for billions in lost money? You will have to give a link to a credible source about Chinese nationals working at the Fed.

0 ( +0 / -0 )

The Japanese government should really rethink its Post WWII economy and foreign policy ! I hope that the academic professors in Tokyo University, Keio University, Waseda University, Kyoto University,... can be creative enough to find a new way to pull Japan into the 21st century !

Why would you depend on these people? What have they done in the past to make you think they will do anything different tomorrow than they did yesterday?

It's up to the Japanese people to change the nation. Expecting politicians, bureaucrats, and academics to go against their own best interests to dismantle a corrupt and failed system is too much to ask. Instead of depending on someone else who cares not one iota about you, apply your own creativity to the problem.

0 ( +0 / -0 )

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