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Have you noticed US and Europe following the Chinese markets lately?
Does this mean China has more influence than the US and Europe?
5 Answers
- 1 decade agoFavorite Answer
You should read the book "Yje World is Flat" by Thomas L. Friedman before you ask this sort of question. Everyone is watching everybody before those actions are directly or indirectly going to affect them. Some 40-50 years back China may have gotten bird flu and we won't care, because not much movement of people and goods around the world. But today, products are being designed in US or Europe, they get manufactured in China, India, Bangladesh or Vietnam and finished products are being sold throughout the world. There is big movement of people and all markets are interlinked.
Why do you think the global economic bubble which originated in US is affecting the economies throughout the world? Because of interlinked markets.
China has gained influence, but not more than US and Europe. Those economies are still developed while China is still developing. But developing at what cost? Look inside China, they have no sense of Intellectual property rights, they copy everything from others, all successful brands, and produce cheap and fake copycats that are likely to stop functioning any time. What the hell, did you hear about them producing fake malaria drugs labelled as "made in India" and tried to sell it in Africa? Labors in their factories are literaly bonded labors working as much as 18 hours a day without any weakly off. Did you hear about poisonous stuff that they produce?
Such illegal and immoral practices do not make a country market leader. Authoritarian regimes will not last forever. If you are so impressed with China, surely you must have done some research about their country. The communists have conquered and illegaly occupied Tibet and Xinjiang. Cut these two and China will be reduced to less than half of its current size. They are sending han Chinese to set up colonies in those regions, to make Tibetans and Uyghurs minorities in their own homeland.
Believe me, China is rising only as long as authoritarian regime is in place. If this police state falls, the miracle that you see will show its true colour. People are suppressed, they can't speak freely, their online activity is monitored. Please don't be amazed by the high rise buildings in the coastal regions of China. If you want to see the real China, go in the interiors where people find it difficult to get justice. In that police state, whatever communists say is law. In fact China is only slightly better than North Korea. Just because you get richer by adopting corrupt practices does not win you more influence.
Rant complete.
- Anonymous1 decade ago
Nobody really cares about the Chinese stock market. If it was that big of a deal people would be investing like crazy over there. The most successful people in the world invest mainly in the U.S. China is nothing but corrupt.
- DLv 61 decade ago
Ankur has nailed pretty much everything. China as an emerging economy is getting attention, and so does India,
BTW did you have the opportunity to drink melamine milk? Chinese loved it soooo....
- theriotLv 44 years ago
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- ?Lv 44 years ago
it somewhat is like asserting do you prefer anybody interior the international have been lifeless different than your man or woman u . s . a .? No, with the aid of fact then you definately would not have VWs or chinese language TVs. the US would income no longer something. besides, the financial disaster is the effect of Republican politics. would the Republicans % to work out social courses bypass down? positively--yet that would not recommend they have contrived to do this. besides the united kingdom is a socialist u . s . a ..