Thank you very much ! (((((antidefm)))))
Obviosuly there are two sides of this coin. Maybe even more. On China´s development it was negative. Chinese factories could have increased productivity if that technology would have been available one or two decades ago. But, because China did not buy such technology, other developed countries had the opportunity to develop high tech taking part of the market share that USA had. Also, thanks to the collapse of the Soviet Union, China had easy access to their know how. In my opinion, the result on 2008 cannot be better for China. In some fields, such as aerospace or in the military, China is not a giant, but it has become a big player. In my opinion it would not be today lie that if USA would have not boycotted China. On trade I think that you are quite right. There is very limited room for USA to export to China. The problem is the boycott to state owned corporations to acquire US corporations. Nowadays China would not import products such as electronics and telecommunications that it can produce faster, better and cheaper and then export them to other markets that today have not access to those products because of their high costs. The problem for China is lack of technology, know how and expertise. We can think on 3Com as an example in the negative side, and Lenovo in the positive side. USA, through the Chinese owned company, would receive royalties, payment for licenses, etc. Margins for such categories of products are high. China is and will be more and more the largest market for such categories of products. Its interest is not to buy products but to buy companies in order to save those margins. China would let those companies stay in USA and to grow as much as posible. Chinese capital could create a hub for such categories of products in USA. To be honest, this is the only opportunity that I foresee for USA nowadays to balance its foreign account, of course, USA should change its politic view about China. As it is not posible for state owned corporations to acquire those companies, China will find other options, it will delay its development, and US corporations will lose markets. I guess Russia, Europe and Japan will take advantage of it. 2. About US treasuries. Foreign reserves grew about $500bn in such period, from 1.3 to 1.8 trillions. The percentage of foreign reserves applied to US treasuries fell. This change of policy will be step by step. 3. Not sure. It would take me some time to look for. I will try to do it tomorrow. 4. The Fed has a certain commitment on its balance sheet. In theory, that commitment is with the US Congress, in practice it is with its owners. The Fed could print more US dollars if that would benefit the banks. Also, in my opinion, since July-August, the Fed and Saudi Arabia are playing an economic war against Russia and other countries (Iran, Venezuela, and others). Part of the weaponry is to create selective starvation of US dollars in markets. Peace and best wishes. Xi <<how much the effects of the US government restrictions of high tech products export to China?>> On 9 nov, 00:30, antidefm <[EMAIL PROTECTED]> wrote: > Well said, Xieuling! > > Since you have answered the questions so well, here are more questions > for you: > > 1. Talking about to increase the US export to China to balance out the > trade deficits, how much the effects of the US government > restrictions of high tech products export to China? > > It seems to me that what China can buy from US is quite limited. > Except the Boeing airplanes and GE nuclear power plants, I am not sure > what thing else that China could buy from US. US government certainly > won't allow China to buy the other big price tag items such as fighter > jets or aircraft carriers from them., LOL! > > 2. China has been talking about to diversify her foreign reserve in > response to the falling US currency for some time. But if you check > the official data from the US Treasury Dept, you will find that China > actually increased the US Treasuries holding from $460B in October or > November, 2007, to $541B to August 2008. Why is that? > > http://www.ustreas.gov/tic/mfh.txt > > 3. Just curious, do you have any URL link to the Mrs. Wu Yi's > explanation? > > 4. What stops US government to issue more paper money to take the > advantage of foreign economy in thsi financial crisis?! > > On Nov 8, 1:47 pm, "[EMAIL PROTECTED]" <[EMAIL PROTECTED]> wrote: > > > > > Oops sorry. I forgot your first question. > > > <<Exactly what he is doing in Beijing now?>> > > > These days thousands of meetings have happened to prepare the summit. > > I guess he tried to push Chinese position toward his thoughts. > > > About USA-China trade, maybe you would like this "China's Role as a > > Trade Bridge for Expanding Regional and World Trade" > > >http://www.cigionline.org/community.igloo?r0=community&r0_script=/scr...{7caf3d23-023d-494b-865b-84d143de9968}/Publications/workingp/testoct23&r0_output=xml > > > Peace and best wishes. > > > Xi > > > On 8 nov, 20:03, antidefm <[EMAIL PROTECTED]> wrote: > > > >http://www.youtube.com/watch?v=3ED9PCZjENM > > > > This Robert Blohm - "American economist and investment banker in > > > Beijing"?! Exactly what he is doing in Beijing now?! He is pretty > > > much hostile toward China's monetary policy. > > > > Here is what I have found in the Wikipedia: > > > > Robert Blohm (born on May 27, 1948 in Trenton, New Jersey) is an > > > American and Canadian investment banker, economist and statistician. > > > He helped expand the Japanese capital market in the 1980s to Canadian > > > governments, corporations, utilities and banks. In the early 1990s he > > > argued widely in the US and Canadian press against the economic > > > feasibility of Quebec's separation from Canada, particularly in a > > > series of opinion articles in The Wall Street Journal. He coined the > > > term "the internet economy" in a Wall Street Journal opinion article > > > by that title in 1996. In the later 1990s he published articles in the > > > general and trade press against restructuring the wholesale electric > > > industry into a centralized spot market. Blohm has since helped the > > > North American Electric Reliability Council develop risk-based > > > standards for reliably operating and planning the electric system in a > > > competitive market. > > > > Following is the embadding of the video if it works: > > > <object width="425" height="344"><param name="movie" > > > value="http://www.youtube.com/v/3ED9PCZjENM&hl=en&fs=1";></param><param > > > name="allowFullScreen" value="true"></param><param > > > name="allowscriptaccess" value="always"></param><embed > > > src="http://www.youtube.com/v/3ED9PCZjENM&hl=en&fs=1"; type="application/x- > > > shockwave-flash" allowscriptaccess="always" allowfullscreen="true" > > > width="425" height="344"></embed></object>- Hide quoted text - > > > - Show quoted text - --~--~---------~--~----~------------~-------~--~----~ You received this message because you are subscribed to the Google Groups "World-thread" group. 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