Robert Reich: Three things you should know about Chinese economic growth.

[swag]

http://robertreich.blogspot.com/2006/07/china-growth.html

Here are three things you should know. (1) The people managing China's economy (I'm not talking about the politicians but about the financial and economic wizards who are actually making decisions about money supply, capital markets, and the like) are extremely good. They match the best economic minds anywhere in the world. In other words, they know what they're doing. (2) The latest data show China is now growing at a rate faster than 11 percent. That's extraordinary. It's faster than China has been growing for the last five years -- and that was faster than anyone had predicted. China's rate of economic growth is the biggest economic news in the world. (3) That growth is putting huge demands on world energy supplies, and raw materials. Oil prices will continue to rise, as will all other commodities. This is the most important economic fact in the world right now. It is also among the most important political facts in the world.

[aquart]

1. And a great big thank you to Richard Nixon.

[orwell]

2. But...but...

...the Chinese are commies. How can they be better capitalists than the great USA?

What am I going to do with my tattered stereotypes?

[bleever]

3. Can't tell the players without a program.

Good piece on the shape of our future world.

[KyuzoGator]

4. Explosive economic growth being built with slave labor.

Kinda like how another superpower got it's start.

[MGD]

6. Do you think China will have a civil war to end such practices?

America paid for those sins.

[salin]

5. I was out of the country - and read an odd comment from the US govt

about China's expanding trade surplus. Seems this fine economic mind had concluded (at least for public consumption) that this was BAD news for China and would exert growing pressure on China to revalue the Yuan (in a way favorable to the US). Not only was I left with a big... "huh?" - the International Herald Tribune (NYT company) didn't bother to expound upon the link between the expanding trade surplus (of China) and how this would 'pressure' China to act (in a way that it has been resistant to) on behalf of the US.