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pre 9 godina
(pss, 2 March 2015 13:12)
China is not the US. Yes their workers do live onsite because most are from rural areas. These people can earn 10 times in factories what they could on the land. On say Chinese New Year millions leave the cities to return home to spend time with family. Don’t try and compare apples with pears.
What you have to look at is the financial state of China. It has a 10 trillion dollar economy and rising fast. It’s is now the No1 world economy. It has 4 trillion in reserves. It has a gold reserve second to none.
The 350 million figures has been used by Beijing (unofficially) for a decade and it now claims its 420 million. The Chinese officials don’t like to use the terms middle class or wealthy since they are still theoretically communist, and they don’t admit officially to having billionaires but they do and plenty of them too. Its economy is built on solid ground while the US is on stilts. Just prior to the GFC the US economy was 12 trillion but today it’s 16 trillion. How in heaven can it increased so quickly when you have not recovered from 2008? 80% of US economy is consumerism so it means that all the rest is printed money. One big push and it will falls over.
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