|Hm, o.k., here's a cut 'n past of a message that seems not to post by the traditional means.|
Bill, "...the biuilding up of the Chinese infrastructure to the USA levels of the 1950's will drain the raw materials of the world for the next 25 years, keeping prices quite high.
"At the same time Chinese goods will flood the world."
Perhaps, but as I said they are not export dependent. Anyway, the simple fact is that the concentration of wealth and political/military power are in the early stages of moving (once again) westerly across the globe. And therein lies the first principal of understand wealth accumulation/value, the principal of change. Historically speaking, the world's centers of wealth and power move from east to west, and the greater part of Asia (China & India) today has all the fundamentals going for it to become the world's next mega economy.
"As for the 1-1 law in China, not yet. If they took it off now, there would be a huge rebound of births, as the Chinese still = large family = effective pension. Until that mind set is gone they cannot risk it."
I said they were discussing it. That's a long way from saying it's about to happen. I mentioned it merely to illustrate they are no longer carrying their fears of having a population out grow their ability to sustain it, something that leads to civil unrest and increased risks to those in power. I agree, however, that families have a cultural, social and economic role in Asia that is different from ours in the West.
"They do have a severe female shortage,..."
Yeah, but that's always been the case. In the past, many female babies were killed at birth for economic reasons. Now they are simply aborted.
"Hydrogen will never make it as a fuel system."
? O.k., tell Arnold.