Do you think Taiwan is in trouble because we won't be in a position do anything militarily to China?
So back to seeing China as a big threat ... I went to reread what you said to Mic and jeez it's scrolled off already :0
Am I right in thinking you said education is the way to go here? and if so how will that benefit us with respect to China's economy unless we educate everyone to buy US goods and invest in India's economy. And as US citizens put financial pressure on companies who outsource to China and elsewhere?
We can't match their cheap labor and our companies and other foreign companies trying to get cheap labor or wanting access to the Chinese market are willing to transfer their technology to get that access.
China can see a need like knowing English and boom its now mandatory to learn English at age 5. They can manufacture products without environmental restrictions. They have no compunction about counterfeiting, bootlegging, or stealing information and technology. They have a vast supply of cheap labor ( although some think that one child-policy will eventually be problematic for them economically) They are playing with a whole different set of rules. So how do you see education making us competitive economically? Or are you seeing it as our only chance?
For all who were talking about China's share of markets here some stats I got Oh and don't know if you were but I wasn't thinking in terms of Hong Kong and Taiwan as part of China's economic potential but they are integrating their economies. Wish I would have paid more attention in economics.
China produces:
70 % of the world's toys
60 % of the world's bicycles
50 % of the world's shoes
50 % of the world's microwaves
33% of the world's televisions
33% of the world's air conditioners
33 % of the world's luggage
25 % of the world's washers
20 % of the world's refrigerators
I knew China had a growing economy and I know you can barely buy anything under $5.00 without "made in china" but I was surprised by these stats.