China powering world economy

sorry, I should have been more specific when writing... I meant only in the sense that it can say F-you to the Americans when the Americans are trying to impose things on them or co-erce them into doing something they don't want to do. Smaller countries will just cave in... they have no choice.

I had thought this would be obvious because of how American Foreign Policy is generally viewed throughout the world.

Yeah, right.
America is coercing quaint, little, harmless countries like Iraq, Iran, North Korea, Russia into submission.

Can you name which countries America is coercing and into doing what?

I just was writing what I thought was obvious. I am not talking about necessarily grandiose things (although they happen) but it could be as small as saying... "extradite this person to us" or "let me have a look at the tax records, financial statements, whatever of your citizen"

smaller countries can't really say no.

look what happened to so many small countries because the OECD didn't like their tax and banking policies. They were blackmailed into changing their own laws. I'm not saying this is solely because of America but it probably wouldn't have happened without American support.

and also I was watching a lot of British TV because I got sick of CNN and the like. And I forget the exact specifics but essentially once in a while they would say that the Americans ask for something, the Brits give it to them. The Brits ask for something and get nothing in return...

and these are supposed to be the Amercians' best friends?

but anyhow I have had enough of this discussion... that's all I'll continue to write on this. As I said, it is obvious to most people that America is a bully... not everyone has to agree. I just thought that most people end up thinking this if they watch enough news.

So good to see a compatriot here. I agree, the world need more equilibrium

But I also want to say. I know little about ecnomic, but I still puzzle that the average price of house at Beijing is more than 10,000 yuan per square. So far as I known, most of people here( I mean at metropolis, most of Chinese are farmers) receive wage not more than 5,000 yuan per month. How could we buy a house just by saving money?

That's true, China's economy becomes more and more powerful in the world. So what? Last month, CPI is 4.4%, 1.4% more than center bank's alarm. More and more people will live from hand to mouth. I don't care about who is leading the world. But I think, the people from the most powerful contry in the world must have a necessary condition, that's most people are rich.

Sorry irusoh,

While I may agree with your economic analysis of the thread topic, your statement that an "engine" provides power is a little off target.

To begin with, the rate at which a force does work is called the Power Input
of the force. In order to produce work, one must provide an energy source. An engine, any engine, (internal combustion, jet, turbine, etc.) is an inert block of steel, aluminum, plastic and so on. In and of itself, it contains zero potential energy. The potential energy stored in the "fuel", any fuel, (gasoline, ethanol, water, etc.) is what is required to produce the power input to do the work. The engine is simply a clever device designed to extract the potential energy from the fuel and turn it into mechanical motion, (work).

Now granted, a gallon of fuel sitting there by itself isn't going to get a car moving down the road or a jet aircraft off the ground, both the fuel and the engine are required for the production of the power to do that type of work.

However, igniting a gallon of jet fuel or gasoline can certainly create a great deal of motion in the surrounding air molecules, thus producing a form of work. This obviously is done without the aide of an "engine".

How all of the above applies to world economics and geopolitics.....

I havn't got a freak'n clue!

M

With all due respect may I reduce this lengthy treatise on engines to its essence.

Right on target!

Though late to this thread, congrats to China. Personally I'm glad to see anyone (regardless of national origin) improving their lot; China has suffered a great deall over the past, and it's great to see the country doing well. Part of the American complaint I actually find rather funny - the Chinese have worked really hard at low wages to establish themselves, and have essentially banked their earnings (in the form of foreign exchange), which actually seems like the same thing I was taught to do growing up in the US. Work hard, be thrifty.

Saka - there is a bit of bad news (maybe) - I think I've mentionned it before, maybe not. You can expect at least moderately high inflation and an environment where many people "fall through the cracks" as China industrializes and (by necessity) urbanizes. All countries that have gone through this process experience the same, and it is generally harder on later arrivals than the ones which (like England) have been undergoing the process for centuries, simply because the late comers go further, faster, but human beings (& their culture) can only adapt at a certain pace. So you may see growing rates of urban crime, drug use, prostitution, and illteracy and the other problems associated with urban poverty. The good news is that (from what I have seen) your gov't has done it's historical homework, and is well aware of difficulties ahead, and is trying to deal with them effectively.

If you are interested in some analysis of the problem, I suggest the book "Paris, Capital of Modernity". Can't remember the author. But it deals with the city in the critical period of the mid-19th Century as France industrialized, going through a process very similar to that in your own country at the moment.

Also a book called "The Wealth and Poverty of Nations" by David Landes. It's not a rigourous book, and it is unfortunately rather Western-centric, which often detracts from the basic thrust of the book. But he does explore the feedback notion between industrialization and inventiveness (for example). Manufacturing and fabrication have always been hotbeds of invention; it's something that propelled the US to pre-eminence prior to (say) the 1970's, and England and Germany before that; one hopes that now it will benefit China. And maybe encourage the US to get its manufacturing back in gear

Finally, something to remember (on both sides of the Pacific, but more this side than China's) from Benjamin Rush, one of the American Founding Fathers. He wrote (in 1775, no less) "A people who are dependent on foreigners for food or clothes must always be subject to them".

BTW - for those in NA who are interested in getting a handle on just how dynamic China's manufacturing culture has become, get the July-August issue of the Atlantic Monthly. Preview it at following link:
http://www.theatlantic.com/doc/200707

Was it to informative for you or did I just use to big of words?

http://www.informationclearinghouse....ticle18146.htm

This article by Paul Roberts says alot about the shift in global power. Merlin touched on this recently in another thread.

Loss of sovereignty is an inevitable drawback of globalisation.