Here's a couple of recent "news" items on the relative state of affairs in China - U.S. relations seen through the eyes of... ahhh... hmmm...
I have no idea how best to describe the point of view these two articles have... without pointing out that they're both total nonsense... that they both "support" the "arguments" they make with evidence that proves the opposite of what they assert... while the two articles are not self consistent... but also disagree with each other...
It ends up arguing that you should short China... because, if the global economy implodes, it will hurt the U.S. and China equally, but the U.S. less, while China will still triple its growth in the next few years... ???
Both are two pages long, and worth reading to the end to capture the full... ah... "effect"...
The first one reports on a World Bank warning... oddly, without ever linking us to somewhere we can see it:
World Bank warns: China is a ticking time bomb Commentary: Will Super Rich in China or U.S. be first to trigger meltdown?
The second one... seems to argue that greed driven excess in the U.S. is of a better quality than greed driven excess in China... because they are the same ?
Short China: Its commodities bubble is set to pop Commentary: Empire-building, overpopulation, greed, hoarding
The combined impact... of these together with others... seems to suggest that now is probable a pretty good time to be looking for timely picks among Chinese focused plays...
I'll continue to temper my interest in China with an awareness of the risks... both in the global economy, and in the issue specific factors related to the focus...
China will continue to grow... because... they have a lot of people, the population is young and growing, and their economy is still only just beginning to recover some of the ground they lost due to half a century of communist economics... It's not that China is "better" than the U.S. is now... It's that in relative terms they're still worse... but, the truth is that they're improving rapidly... and becoming more like the U.S. (of, hopefully, more like Hong Kong) while the U.S. is deteriorating rapidly, and becoming more like China...
Will that change ? I hope so... as we'll all be better off for having both the U.S. and China making the good choice to fix what's broken, but, thus far, it's only the Chinese we can see choosing to change and improve... while the U.S. continues to sustain its failures... |
