| </span><blockquote><span class="smallfont">Quote:</span><hr size="1" />Originally Posted by (castille,)
Section 8: So why doesnt the US sanction China? They're also teaching their kids to become Communists.<hr size="1" /></blockquote><span class='postcolor'>
As G. Adams has said, China is authoriation/totalitarian and is an upcoming market that the US is eaglerly looking forward to investing in.
China's economy will undoubtly become the largest in the world as they are the second largest against the US. China doubles about every decade. As of now the growth rate is averaging 7 per cent a year and the WTO further boosts to its trade and its economy. Adding 1 percentage point a year to China's potential rate of economic growth over this decade. On its present trajectory, it should overtake America in size some time in the 2020s. China has been pursuing a strategy of export-oriented growth. And get this: manufactured goods account for 90 per cent of China's exports. Its exports are dominated by simpler, labour- intensive goods such as clothing, footwear, toys, sporting, etc. The mechandise US companies are buying for cheap labor. The US has everything to gain and little to lose from China's rise as a global manufacturing powerhouse. The US supports China with a few American cultured commodities for the growing economy for the continued exports. While this isnt the MiddleEast and the issue of oil isnt at hand but that of labour, something we cant sanction, bomb and steal, we need workers to produce the goods. So why sanction your foreign workers that make some large percentage of US commerce ? |