Neither argument is really true.

Unemployment would likely lower for some jobs that get created that are below current standards... But there wouldn't be a gold-rush to low wage fields. Likewise, those that take these jobs aren't likely part of that 'grinding poverty' tier. Most places in America, you can get hired for minimum or near minimum wage, but people simply refuse to take those kinds of jobs.

Of course, such a reduction in minimum wage would likely help others out - when wage laws rise, so does the cost of goods and services that usually effect those in poverty, so it'd likely be a net benefit for society, but certainly wouldn't be a fix-all.

lol whatever.

China still has an export oriented economy, but since 2010, China has become the 2nd biggest importer in the world.

Domestic investment in China are made by Chinese, thus using the Chinese currency. the FDI China has been receving is not significant. Spain, Netherlands Belgium were receiving higher FDI than China in 2010. So if China let go of the grips on the exchange rate, not much will happen to the "Domestic" investments. Also the domestic demand is not only 'investments'.

There are much talk within China about what will happen if let go of the currency exchange rates right now, believe me, a lot of ppl considering its better for Chinese economy. Yes there will be less exports, but it will also lower than CPI and the prices of imports like oil, iron ores, and other raw materials. lower CPI means more spending power to the ppl, then there will be more domestic demand for the goods China made.

China isn't worrying too much about if a new economy downturn is going to happen in the west like the one did in 2008.

'But China is a world away from slump - and the mood among the Chinese elite is that their country is better protected from the turmoil in the developed world than it was during the great banking crisis of 2008, when China's economy temporarily ground to a halt.'

'Over at the largest lighting manufacturer in China, NVC, its chairman, Wu Changjiang, says if his export markets in America and Europe tumble back into recession, he will simply prioritise selling to China - where he says the demand is becoming stronger.'

Threat, as in; the economy will grow bigger and stronger than the American one? Then yes. Its just the way it is and I hardly think an Asian economic superpower will leave us any worse off than the US being in charge. We all saw where that got us lately, there are some grossly unresponsible policies at work that affect the global economy in a very big and very bad way.

1) China has always been a huge importer.... you know, because it has more people in the country then anywhere else in the world.

Yet they still maintain very high trade imbalances with most people.

I'd suggest paying attention to what china is importing.  It's mostly raw matierals, matierals to be assembled, food and production equipment...

In otherwords, the import market is mostly based on the export market.

2) Domestic investments are investments being made in the country.  Foreign Direct Investments usually count in Domestic investment numbers.

Aside from which, you know who else is above China in that list... Hong Kong.

Why are they listed seperatly?  Because FDI measues over a longer period, you should check the more recent individual direct numbers... afterall 10 years ago, chinese economic policy was a tad different. 

http://www.unctad.org/en/docs//webdiaeia20111_en.pdf

2009 data

China - 95 Billion.

Belgium -33 Billion.

Spain - 15 Billion

Netherlands - 26.9 Billion

So actually all 3 countries combined is less FDI then China.

Also, while the numbers may seem low, you should note that FDI ONLY counts capital formation.

The US government is It's own worst enemy

hmm... I suppose now is a good time to learn chinese.

1) 'China has always been a huge importer.'

No it wasn't. 

1	United States	$ 1,936,000,000,000	2010 est.
2	China	$ 1,327,000,000,000	2010 est.
3	Germany	$ 1,099,000,000,000	2010 est.
4	Japan	$ 639,100,000,000	2010 est.
5	France	$ 590,500,000,000	2010 est.

China in 2000: The total imports reached 165.8 billion US dollars out of a total foreign trade volume of 360.7 billion US dollars.

2) ' It's mostly raw matierals, matierals to be assembled, food and production equipment...'

China is the second biggest luxury market in the world

 China supplanted the U.S. as the world's largest auto market

3) the so called FDI in China are mainly from HongKong/Taiwan.

HongKong is a SAR of China

Taiwan is Republic of China :)

ArcticGabe said: Kasz216 said: ArcticGabe said Kasz216 said: ArcticGabe said: Kasz216 said: ArcticGabe said: Kasz216 said: China's economy is slowing. Not stopping or reversing yet. In general China's big issue is transitioning over to a consumer based economy vs the export based economy they have now. They could succeed, or they could fail... yet to be seen.   One big isse to consider is that while they are a HUGE Economy....   they're like.... 90 when it comes to per captia.  AKA economic output per person.  Which is troublesome in a consumer based GDP. This is really true when considering there Gini coefficent is about equal to the US, but because of the above they don't have that many super rich, which mean there poor are essentially third world poor.   They need to raise their poor up before they can transition well... and when they do, suddenly not worrying about needs, people WILL worry about freedoms.     We are making the transition, much of the east coastal area is already considered 'developed' by international standard, we have the biggest auto market in the world, 0.5 billion internet users, also most mobile phone users in the world. by GDP (PPP) we ain't far from beating USA, (actually we will be the biggest economy in the world by 2016), as our currency is under valued, GDP (normal) is not a good representation of  the Chinese economy. So Chinese ppl are alot richer than you thought. As for the gini coefficient, China has the second most billionaires in the world, yes the poor are very poor compare to America, but their standard of living is rising rapidly too. The Chinese government knows what they are doing, as an oversea Chinese, I trust them! :) 20 years ago, China wasn't even top 10 in the world by GDP, 10 years ago China was No.7. Now we are No.2. Our development is beating all the predictions made in the 90s by those economists :) Go CHina! You seem to be missing the point I was making though.  Which is while China's GDP is impressive.   It's Per capita GDP is not. (Aka, GDP divided by population.) Which is VITAL for a consumer based economy. It's fairly easy to win a numbers game, when you have more numbers however to take those numbers without looking at the averages doesn't really say much. As far as i can tell actually, employee's share of income has been slow compaired to price growth. http://english.peopledaily.com.cn/90780/7605927.html Yes export is still important for China's economy growth, but actually since 2009, the driving force of Chinese GDP growth has been domestic demand Cheap labour can't last forever, China is changing fast. if you look at clean tecnology area you will find a lot of the leading companies are from China. If you look at the fortune global top500 companies list in 2005 USA=175   China=16 in the top500 in 2011 USA=133    China=61 in the top500 with the revenues of Chinese companies in US dollars (chinese currency is under valued) not many of the Chinese companies listed there are export oriented. I'm getting the feeling that you don't know much about the nuts and bolts of how economies actually work and keep posting mostly meaningless (in the frame of the discussion) numbers. Do you have any idea what would happen to the chinese economy if they let go of their forced manipulation of the currency anytime soon? Heck, the only reason they aren't keeping a tigheter leash on it is because of the troubles in europe. Do you know how a devalued currency increases "Domestic" investment.     lol whatever. China still has an export oriented economy, but since 2010, China has become the 2nd biggest importer in the world. Domestic investment in China are made by Chinese, thus using the Chinese currency. the FDI China has been receving is not significant. Spain, Netherlands Belgium were receiving higher FDI than China in 2010. So if China let go of the grips on the exchange rate, not much will happen to the "Domestic" investments. Also the domestic demand is not only 'investments'. There are much talk within China about what will happen if let go of the currency exchange rates right now, believe me, a lot of ppl considering its better for Chinese economy. Yes there will be less exports, but it will also lower than CPI and the prices of imports like oil, iron ores, and other raw materials. lower CPI means more spending power to the ppl, then there will be more domestic demand for the goods China made. China isn't worrying too much about if a new economy downturn is going to happen in the west like the one did in 2008. 'But China is a world away from slump - and the mood among the Chinese elite is that their country is better protected from the turmoil in the developed world than it was during the great banking crisis of 2008, when China's economy temporarily ground to a halt.' 'Over at the largest lighting manufacturer in China, NVC, its chairman, Wu Changjiang, says if his export markets in America and Europe tumble back into recession, he will simply prioritise selling to China - where he says the demand is becoming stronger.' 1) China has always been a huge importer.... you know, because it has more people in the country then anywhere else in the world. Yet they still maintain very high trade imbalances with most people. I'd suggest paying attention to what china is importing.  It's mostly raw matierals, matierals to be assembled, food and production equipment... In otherwords, the import market is mostly based on the export market. 2) Domestic investments are investments being made in the country.  Foreign Direct Investments usually count in Domestic investment numbers.   Aside from which, you know who else is above China in that list... Hong Kong. Why are they listed seperatly?  Because FDI measues over a longer period, you should check the more recent individual direct numbers... afterall 10 years ago, chinese economic policy was a tad different.  http://www.unctad.org/en/docs//webdiaeia20111_en.pdf   2009 data China - 95 Billion. Belgium -33 Billion. Spain - 15 Billion Netherlands - 26.9 Billion So actually all 3 countries combined is less FDI then China.   Also, while the numbers may seem low, you should note that FDI ONLY counts capital formation. 1) 'China has always been a huge importer.' No it wasn't.  1 1 United States 1,476,000,000,000 2004 est. The World Factbook+ — — European Union 1,123,000,000,000 2003 The World Factbook+ 2 2 Germany 716,700,000,000 2004 est. The World Factbook+ 3 3 People's Republic of China 552,400,000,000 2004 est. The World Factbook+ 4 4 United Kingdom 439,400,000,000 2004 est. The World Factbook+ 5 5 France 419,700,000,000 2004 est. The World Factbook+ 1  United States $ 1,936,000,000,000 2010 est. 2  China $ 1,327,000,000,000 2010 est. 3  Germany $ 1,099,000,000,000 2010 est. 4  Japan $ 639,100,000,000 2010 est. 5  France $ 590,500,000,000 2010 est. China in 2000: The total imports reached 165.8 billion US dollars out of a total foreign trade volume of 360.7 billion US dollars. 2) ' It's mostly raw matierals, matierals to be assembled, food and production equipment...' China is the second biggest luxury market in the world  China supplanted the U.S. as the world's largest auto market 3) the so called FDI in China are mainly from HongKong/Taiwan. HongKong is a SAR of China Taiwan is Republic of China :)

1)  Except you know... that number is huge

45% of chinese trade in 2000 was imports.   165.8 Billon out of  360 billion

In 2010, 43% of chinese trade was imports. 986 Billion out of 2.12 Trillion.

So, yeah.  Chinese imports have grown slower then exports since 2000.  Doesn't help the arguement of a consumer based economy.

2) and what percentage of chinese imports is that luxuary market?  (Hint, very small.)

I mean, do you just not understand economics or are you intentionally trying to lie with statistics?

You keep trying to apply raw numbers when we are argueing the makeup of the chinese economy... which is just unbelievably... dumb.

China has this biggest automarket in the world because you know... it has over a billion people there.  Doesn't really change the fact that their economy is heavily export based. 

3) Per your own link... (Worth noting, Hong Kong's FDI is STILL higher then China's, so how much was channeled there by foreigners?  A LOT.)  However, the data do not show how much of this money was channeled through Hong Kong and Macau by foreigners,

bu zhidao le vgchartz you duo de zhongguoren a =p

Dumb people - China is an economic threat
Intelligent people - China is an economic opportunity