Why China won't save the world

[Neil]

As what Armand said and agreed by almost all Indian members in this forum, China is doomed/bankrupt, so China can't save the world, France and India are fully ready to save the world anytime, I think all those european leaders are not in their right mind to waste their time with Hu, jintao.

well...thats why India and france are best in astrology u c...!!

u dont help europe...europe falls...west falls...china falls...!! DFI should really get a noble peace price for this man....

 

[redragon]

well...thats why India and france are best in astrology u c...!!

u dont help europe...europe falls...west falls...china falls...!! DFI should really get a noble peace price for this man....

You are wrong, China has fallen probably for 3 months now, you can reconfirm that with Armand/Daredevil/Ray... and Europ won't fall, Fance and India will help it. Thank you

 

[The Messiah]

West is the not the world.

And why should they save anyone ?

 

[no smoking]

First of all, China is still a developing country, so it cannot save anyone except itself.

The only thing, it can do is make a deal from this crisis. Yes, it can offer a loan to europe, but in return, europe must provide some of its valuable assets: technology, or share of resources in the world, etc.

 

[Armand2REP]

The only thing, it can do is make a deal from this crisis. Yes, it can offer a loan to europe, but in return, europe must provide some of its valuable assets: technology, or share of resources in the world, etc.

Didn't happen...

No China concessions to invest in EFSF - Sarkozy aide | Reuters

China has no choice but to invest because 25% of its FX reserves are in the Euro. It can't afford to lose hundreds of billions in a currency devaluation so it will do anything to prop up the Euro. Any deal made will be a better investment than the hundreds of billions China loses in the dollar depreciation.

 

[redragon]

Didn't happen...

No China concessions to invest in EFSF - Sarkozy aide | Reuters

China has no choice but to invest because 25% of its FX reserves are in the Euro. It can't afford to lose hundreds of billions in a currency devaluation so it will do anything to prop up the Euro. Any deal made will be a better investment than the hundreds of billions China loses in the dollar depreciation.

As far as I know, till this moment, China has not invest any money in yet, Hu Jintao is still saying European countries have capability to save theyselves in his meeting with heads from BRICS. This is a very clear signal showing China is incapable for helping before USA and EU invest majority funds needed at first. China is a poor back ward country, let the developed countries including India jump in first.

 

[RedDragon]

Everyone has skin in this game. Chin and India especially because of trade it does with EU and how dependent their economies are on the EU not going down. here is a great example of what happened in Greece.

A person in greece retires at 52 years of age ( freaking unheard of ) and gets govt mandated pension of $48,000/ year. ( over 2 times what US citizens get at the highest level on social secruity)

Greece to keep this for its citizens has borrowed from world banks.

The same banks that also give US, India, china etc loans and are critical to the global economy. If those banks fail and go down because greece does not pay its bills- that means europe is screwed and its consumers are phucked --- but also that other countries get the brunt of those resources becoming non existant!

This is a global economy, and it is imperative for everyone to save this cluster phuck. Greece must agree to austerity measures, just like IMF is telling pakistan to do if they want the bailout!

Greece is being extremely irresponsible by now , after EU agreed to bail it out- saying it will put it to a public vote! you can't have the public say anything on this because they are too dumb to understand the consequences of a no vote. This has to be done in their parliment....

So why not just let them down. Like cut a tumor from the body, cut them from the world economic. If they don't change their behavior, this thing will happen again, no matter how much money Euro/world pay for them.

PIGGS, none of them deserve save.

 

[Armand2REP]

As far as I know, till this moment, China has not invest any money in yet, Hu Jintao is still saying European countries have capability to save theyselves in his meeting with heads from BRICS. This is a very clear signal showing China is incapable for helping before USA and EU invest majority funds needed at first. China is a poor back ward country, let the developed countries including India jump in first.

Oh no, China is a rich country as no nation buys more overpriced French Champagne, not even the French. French taxpayers are tapped out so it is time Chinese pay their fair share of the bailout. It really is Chinese exporters that will suffer the most if it fails.

 

[Neil]

West is the not the world.

And why should they save anyone ?

i think we are misunderstanding everything...

saving europe does not mean charity...it will be barter trade...europe will give gold and china, India , europe will give euros that they have in their foreign exchange reserves...printing more euros will mean more inflation which will destroy the economy thats why china with its huge foreign reserves can help save europe and save its economy too....without any charity...just what china always does...

 

[nimo_cn]

i think we are misunderstanding everything...

saving europe does not mean charity...it will be barter trade...europe will give gold and china, India , europe will give euros that they have in their foreign exchange reserves...printing more euros will mean more inflation which will destroy the economy thats why china with its huge foreign reserves can help save europe and save its economy too....without any charity...just what china always does...

If west collapses, so will the world, that is what the west wants us to believe. West is inventing this alarming and baseless theory and propagating it all over the world in the hope that other countries are going to pay their bill and save their a$$!

 

[Bangalorean]

West is the not the world.

And why should they save anyone ?

The West needs to be saved for the greater good of the world. A simple statement by the Greek PM yesterday that there will be no referendum, made a huge difference to stocks and investor sentiment all over the world, including India's BSE and NSE!!!

At the moment, the way things are, the shit will hit the fan if the "West" collapses.

Whether you like it or not, in economic terms, most of the world IS the West, as of today.

 

[The Messiah]

The West needs to be saved for the greater good of the world. A simple statement by the Greek PM yesterday that there will be no referendum, made a huge difference to stocks and investor sentiment all over the world, including India's BSE and NSE!!!

At the moment, the way things are, the shit will hit the fan if the "West" collapses.

Whether you like it or not, in economic terms, most of the world IS the West, as of today.

I dont care. West should save themselves.

Nothing remains constant.

 

[The Messiah]

If west collapses, so will the world, that is what the west wants us to believe. West is inventing this alarming and baseless theory and propagating it all over the world in the hope that other countries are going to pay their bill and save their a$$!

I agree with you.

If anything India and china will rise even more quickly if west falls.

 

[nimo_cn]

The West needs to be saved for the greater good of the world. A simple statement by the Greek PM yesterday that there will be no referendum, made a huge difference to stocks and investor sentiment all over the world, including India's BSE and NSE!!!

At the moment, the way things are, the shit will hit the fan if the "West" collapses.

Whether you like it or not, in economic terms, most of the world IS the West, as of today.

No doubt the world is closely intertwined, any change in the corner of this planet may have an impact on the whole world. If west as one of the leaders in technology and economy melts down,it will with no doubt causes pain to the rest of the world, stock will fall, economy may slow down. But change always comes with pain, if we can't stand that pain, how could we transform this world to one that favors us. This world has been raped by them for too long.

The very reason that crisis in Europe is greatly influencing the world is that they have been dominating the world, now it is time to end that dominance.

 

[Armand2REP]

If the West melts down there will be no one to buy your products and you go down with it. If you go down the only thing the West does is shift suppliers.

 

[redragon]

If the West melts down there will be no one to buy your products and you go down with it. If you go down the only thing the West does is shift suppliers.

How do you know west won't crash at first? how can a melt down West shift suppliers, what you are going to pay to buy from other countries? as a matter of fact, the poorer you are the more you will rely on Chinese products.

 

[nimo_cn]

If the West melts down there will be no one to buy your products and you go down with it. If you go down the only thing the West does is shift suppliers.

See? That is the fear-mongering I am talking about. " We will stop buying your products", LOL.

We won't save the West everytime it melts down so that we can be its suppliers. We won't be just your suppliers forever, one day or another, we will change the equation.

Your comments on this crisis just fully explains why we should be prudent with saving the westerner's a$$. In the last 100 years, the West has successfully fncked the world by turning the rest of the countries into factories which produce product for them, while they are enjoying luxury life without doing anything except exploiting others. Now they are losig control, they are threatening not to buy our products. Who the hell cares, anyway you hate cheap low-quality Chinese products.

 

[nimo_cn]

We should calculate the situation carefully and delicately, if the conclusion says it is time for them be at the mercy of themselves, just be it.

 

[Armand2REP]

How do you know west won't crash at first? how can a melt down West shift suppliers, what you are going to pay to buy from other countries? as a matter of fact, the poorer you are the more you will rely on Chinese products.

How do you know China won't melt down first? That isn't the issue. The point is if the West falls China goes with it. If China falls the only thing that goes with it are the commodity producers that rely on it which isn't the West except Australia. China has so closed off its economy to any real competition and JVs that shift to China that any crash will only hit the bottom line of a few multinationals that will just close up shop in China. If the West crashes it takes the rest of the world with it. It is the engine of your development. Chinese exporters won't be able to stay in business anymore if the West gets poorer. It is already redlining.

 

[redragon]

How do you know China won't melt down first? That isn't the issue. The point is if the West falls China goes with it. If China falls the only thing that goes with it are the commodity producers that rely on it which isn't the West except Australia. China has so closed off its economy to any real competition and JVs that shift to China that any crash will only hit the bottom line of a few multinationals that will just close up shop in China. If the West crashes it takes the rest of the world with it. It is the engine of your development. Chinese exporters won't be able to stay in business anymore if the West gets poorer. It is already redlining.

Chinese leader has not asking EU for help, right? I don't care who goes down, as matter of fact, if both west and China will go down together, let it be, I believe Chinese can handle tough life way better than you west people.
Do you have any news showing Hu jintao changed his mind?