It is now the world's biggest consumer of grain, meat, coal and steel. Only in oil does the US consume more.
eyyy china one step closer to a superpower
eyyy china one step closer to a superpower
http://news.bbc.co.uk/1/hi/world/asia-p ... 272577.stm
[color=red] . : [/color][size=85] You knows you knows [/size]
They're getting big, but they're still very dependent on us for a lot of things, including their economy.
If they weren't pegged to the dollar, the value of their currency would go way up, and they wouldn't be able to export all their products nearly as cheaply as they do. In which case we, their biggest consumer, wouldn't buy nearly as much from them, and they would probably go back into recession.
But right now they're a huge contender, and what worries me the most is all the oil alliances they are making - especially with countries who traditionally supply us almost exclusively, like Venezuela.
If they weren't pegged to the dollar, the value of their currency would go way up, and they wouldn't be able to export all their products nearly as cheaply as they do. In which case we, their biggest consumer, wouldn't buy nearly as much from them, and they would probably go back into recession.
But right now they're a huge contender, and what worries me the most is all the oil alliances they are making - especially with countries who traditionally supply us almost exclusively, like Venezuela.
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China needs to sort out it's economy, it's a big player now.
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