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Thread: CHINA: "America Needs To Accept The Painful Fact That The Good Old Days Are Over"

  1. #31
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    Re: CHINA: "America Needs To Accept The Painful Fact That The Good Old Days Are Over"

    Quote Originally Posted by Lord Tammerlain View Post
    I was going to comment about the joint ventures that China tends to require for most manufacturing that is going to be for its domestic markets.

    Even with the IP transferrs foreign automakers have made larger inroads into the Chinese market then they have into the SK or Japanese ones ( possible exception with SK with GM owning a significant chunk of Daewoo
    But when it comes to software, electronics manufacturing, even textiles, China is basically raping foreign companies for their secrets. The only reason IMO that China hasn't gotten sued in WTO over blantantly illegal behavior, is because its market is so potentially large.

    As for the auto industry, IMO, China's is relatively new and they fully realize that unless they open up they won't get help they need. On top of that, there's somewhat of a culture bias. Japanese and Sk prefer their own homeground brands where it's a status symbol in China to drive a foreign car. Even if it's a GM. I really don't get that, but it seemed to be the case when I was in China a couple times. Middle class drove Chery's where the upper drove GMs, Fords, Hyundai, Toyota, and European. I didn't see many Hondas. Not sure why.
    Last edited by obvious Child; 08-07-11 at 02:34 AM.
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  2. #32
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    Re: CHINA: "America Needs To Accept The Painful Fact That The Good Old Days Are Over"

    Quote Originally Posted by Goldenboy219 View Post
    Was it not the actions of the "business community" that put us in this place to begin with? Oh wait, government wrote, issued, insured, and exported the toxic mortgages that infected the global financial system.
    To be fair, the Maes putting the government seal of approval on mortgages and then giving state mortgage boards the "Don't bother me son, I'm busy!" treatment when they complained did not exactly help things...
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  3. #33
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    Re: CHINA: "America Needs To Accept The Painful Fact That The Good Old Days Are Over"

    Quote Originally Posted by ludahai View Post
    The U.S. and other Western states have allowed China to get away with its neo-mercantilist policies for two decades... the results are coming home to roost. Time to take China to task for its policies -- currency manipulation and the use of non-tariff barriers to make imports of many goods exceedingly difficult with the express purpose of depressing them -- though it may already be too late...
    Perhaps you are overlooking the reason China has two currencies. That would be to prevent manipulation by the crooked Reserve Banking System and that is controlled by Western corporatists. In this case the Western Corporatists were outsmarted and perhaps even out manipulated at their own game.

  4. #34
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    Re: CHINA: "America Needs To Accept The Painful Fact That The Good Old Days Are Over"

    Quote Originally Posted by Councilman View Post
    The good times will return when Obama is causing trouble someplace else and the business community is left alone to fix the economy.
    Corporations care about fixing the whole economy? Really? Last time I checked all they gave 2 ****s about is if they met earnings expectations. The business community is meant to increase business. And at almost any cost. Look at the mortgage companies. Do you REALLY think a VP of sales or a CFO, if given the choice to either raise their earnings and then their stock price oooooor NOT screw over 7000 customers that would be stuck with a loan with APR that was falsely rasied, would actually choose NOT to get their earnings raised?

    Companies are money generators. Not economic fixers. If there is anyone I wouldnt pick to help the economy its unions and corporations. Both self serving.
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  5. #35
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    Re: CHINA: "America Needs To Accept The Painful Fact That The Good Old Days Are Over"

    Quote Originally Posted by Deuce View Post
    You...understand this isn't a real video from real communists, right?
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    Generalizations are stupid.
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  6. #36
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    Re: CHINA: "America Needs To Accept The Painful Fact That The Good Old Days Are Over"

    Quote Originally Posted by DaveFagan View Post
    Perhaps you are overlooking the reason China has two currencies. That would be to prevent manipulation by the crooked Reserve Banking System and that is controlled by Western corporatists. In this case the Western Corporatists were outsmarted and perhaps even out manipulated at their own game.
    Two currencies? The renminbi is the currency of China. What second currency are you referring to?
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    Re: CHINA: "America Needs To Accept The Painful Fact That The Good Old Days Are Over"

    Quote Originally Posted by ludahai View Post
    Two currencies? The renminbi is the currency of China. What second currency are you referring to?
    The yuan. The currency used inside China. The reserve banks cannot cause a currency crash like the Malaysian currency crash and reap the windfall buyouts of failing businesses.

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    Re: CHINA: "America Needs To Accept The Painful Fact That The Good Old Days Are Over"

    from Wikipedia
    "International TradeBefore 2009, the Chinese renminbi had little to no exposure in the international markets due to strict government controls by the central Chinese government that prohibited almost all forms of yuan holdings or transactions. Transactions between Chinese companies and a foreign entity would have to be denominated in US dollars. With Chinese companies unable to hold US dollars and foreign companies unable to hold Chinese yuan, all transactions would go through the People's Bank of China. Once the sum was paid by the foreign party in dollars, the central bank would pass the settlement in renminbi to the Chinese company. In June 2009 the Chinese officials announced a pilot scheme where business and trade transactions were allowed between limited businesses in Guangdong and Shanghai municipalities and only counterparties in Hong Kong, Macau, and select ASEAN nations. Proving a success,[citation needed] the program was further extended to 20 Chinese provinces and counterparties internationally in July 2010.

    In steps intended to establish the renminbi as an international reserve currency, China has agreements with Russia, Vietnam, and Thailand allowing trade with those countries to be settled directly in renminbi instead of requiring conversion to US dollars.[14]"

  9. #39
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    Re: CHINA: "America Needs To Accept The Painful Fact That The Good Old Days Are Over"

    Quote Originally Posted by DaveFagan View Post
    The yuan. The currency used inside China. The reserve banks cannot cause a currency crash like the Malaysian currency crash and reap the windfall buyouts of failing businesses.
    Renminbi and the Yuan are the same currency.
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    Re: CHINA: "America Needs To Accept The Painful Fact That The Good Old Days Are Over"

    Quote Originally Posted by DaveFagan View Post
    The yuan. The currency used inside China. The reserve banks cannot cause a currency crash like the Malaysian currency crash and reap the windfall buyouts of failing businesses.
    Quote Originally Posted by ludahai View Post
    Renminbi and the Yuan are the same currency.
    Ludahai is quite correct

    The yuan is the common western name for the Renminbi, but they are one in the same
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