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Mr. Koji, this is not an India bashing thread. This thread is about China and US. So please stay on topic.
As stated above, the fall in the Russian and Indian currencies have made Russian and Indian industries more competitive in the world, including against Chinese industry.Let's try to have a dispassionate discussion about the Chinese currency.
The Chinese currency has been pegged to the U.S. dollar for over ten years. During the Asian financial crisis of 1997, China maintained its peg while other Asian countries devalued their currencies. China was an important contributor to help Asia weather the 1997 financial storm.
Due to increased productivity, the Chinese economy is becoming fiercely competitive on the world market. Due to complaints from the U.S., China responded by INCREASING the value of its currency by a whopping 21.9% from 2005 to 2008.
While in the middle of the worst global recession in 80 years, the U.S. is demanding that China raise the value of its currency. Obviously, this is ridiculous; it would damage the Chinese economy. As an important and responsible member of the international community, China has signaled its intention to allow the resumption of the appreciating value of its currency sometime next year in 2010.
In conclusion, China was a very responsible country in helping other Asian countries during the 1997 Asian financial crisis. China has been responsive and placed itself at an economic disadvantage by raising its currency value by 21.9% from 2005 to 2008. China continues to contribute to the global economy by signaling its willingness to shortly resume increasing the value of its currency to help uncompetitive foreign industries.
On a related issue, China has continued its positive contributions to the world economy by implementing a 500+ billion-dollar stimulus package. China is pulling in imports and helping its Asian neighbors and the world economy recover from the economic downturn.
For those of you that are interested in currency values during the current economic downturn, you may want to know that the Russian Ruble and Indian Rupee have both fallen sharply in value. Due to the decreased value of their currencies, both the Russian and Indian economies are far more competitive on the world market. The complaint regarding the Chinese currency is an U.S.-China issue. The Chinese peg has no effect on the Russian or Indian economies.
Nitesh Sir,martian this post is for you I am waiting for the FACTS as asked in post 180 will wait for some time you provide it otherwise all your posts after 180 will be henceforth deleted.
Johnee sir I understand your point but no body should be allowed to run amok with nonsense also. I hope you agree here. I hope I answered your point. Please see the point on which I am insisting to be presented with FACTSNitesh Sir,
As a mod, you are the one to decide what is best way to run the forum, but I had small point to make. If a certain(non-abusive, not flame-baiting or not trolling) post is deleted because the points presented in the post are not being backed up by FACTS, then it will set a precedent. And many posts in the forum would have to be deleted.
IMHO, people must be allowed to put forth their views/opinions/sentiments and others who disagree with them can debunk them if necessary. Of course, pointless posts or emotional rants can and must be deleted but not opinions. Just my view, no offence meant to you, Nitesh.
You forgot to mention how much oil or electricity is required to run those trains and who's paying how much in taxes and salaries. Then there is the little thing called capital outlay. Who's funding all of this and at what interest? Then there is the question of market dynamics. If you are a customer, which computer will you choose if you have the money to burn, IBM or Lenovo?It just occurred to me that this is a perfect opportunity to discuss Yuan, high-speed rail, productivity, and international competitiveness.
There has been some confusion as to whether a high-speed rail enhances economic competitiveness. Let's look at the critical factors and see what happens.
Let's suppose America manufactures (Dell) computers in Texas. Let's say the Union Pacific railroad company transports those computers to seaports at speeds of 50 miles per hour. Due to the 19th century speeds, Union Pacific can only run 10 freight trains per day.
Now, let's suppose China manufactures (Lenovo) computers in Guangzhou. Let's say China Railways transports those computers to seaports at speeds of 200 miles per hour. Due to the 21st century speeds, China Railways can run 40 freight trains per day (i.e. 4 times greater speed implies 4 times greater traffic density).
To cover its costs (i.e. rent, bond interest, employee wages, insurance costs, etc.) and to make a profit, Union Pacific charges 100 dollars per train-load of transport. Union Pacific's revenues per day are 1,000 dollars (10 trains x 100 dollars per train).
Let's assume that China Railways has a similar cost structure to Union Pacific. At Union Pacific rates, China Railways' revenues per day are 4,000 dollars (40 trains x 100 dollars per train). Instead of making ridiculous profits, China Railways charges only 50 dollars per train-load of transport. China Railways revenues are 2,000 dollars (40 trains x 50 dollars per train). China Railways still makes much more than Union Pacific, but the train shipment costs in China are only half as expensive as in America.
Therefore, let's say the Yuan appreciates by another 21.9% in the next four years. China's high-speed rail will enable Chinese computer manufacturers to stay competitive because their transportation costs per train-load of computers has dropped in half, compared to their U.S. competitors.
I hope my example was sufficiently clear to illustrate the point that increasing economic efficiency from a high-speed rail will lead to productivity gains that may easily offset an increasing currency and thus allow a country to maintain its international competitiveness.
If so, then other smaller countries like Thailand and Mexico will give severe competition to China. Don't forget that right now all countries in the world want to be a slave of the US because that's where the money is.China's high-speed rail will enable Chinese computer manufacturers to stay competitive because their transportation costs per train-load of computers has dropped in half, compared to their U.S. competitors.
Are you talking about this (see highlight above)? Here we go.martian if you put a nonsense statement you will get answer in the same plate now please prove your this statement with FACTS or else back off or I need to take action because I can't keep giving you levy to do BS, here is the statement you made in your post number 175
Other than slightly more sophisticated satellites, what can the US do in space that China cannot? Want me to post the Chinese spacewalk again?
As ritesh said previously you have to get some treatment. Will be doing it once I reply. Again you are getting involved in putting selective information. What crap is this: "US lacks rocket to send to moon" You have conveniently forgotten Hubble telescope, mission to mars and other various projects. You have forgot there space shuttles. As DD has already posted previously the considerable Russian assistance you got these are just examples. So stop divulging in to giving selective information. Now cool yourself off for some time. And remember if you start this crap again absolutely no consideration will be given to you.Are you talking about this? Here we go.
1. US has communication satellites. So does China.
2. US has reconnaissance satellites. So does China.
3. US has spy satellites. So does China.
4. US has direct-ascent ASAT capability. So does China.
5. US can send man into low-earth-orbit for spacewalk. So can China.
6. US lacks rocket to send man to moon. China lacks similar rocket at this time (may change around 2020-2025).
7. US has GPS satellites. China has GPS satellites (China's system currently covers Asia. China's complete 30-satellite GPS "Beidou" system to cover the entire Earth will be finished within 5 years.)
Have I answered your question to your satisfaction? Do you want me to post links for each item? I can do that if you like. Isn't this stuff common knowledge?
The Hubble telescope was built at a time when science was not yet capable of solving the problem of atmospheric distortion caused by the uneven temperature of Earth's atmosphere. If the atmosphere is causing stars to twinkle then the simple solution is to send a telescope beyond the atmosphere to avoid the "twinkling effect."As ritesh said previously you have to get some treatment. Will be doing it once I reply. Again you are getting involved in putting selective information. What crap is this: "US lacks rocket to send to moon" You have conveniently forgotten Hubble telescope, mission to mars and other various projects. You have forgot there space shuttles. As DD has already posted previously the considerable Russian assistance you got these are just examples. So stop divulging in to giving selective information. Now cool yourself off for some time. And remember if you start this crap again absolutely no consideration will be given to you.
I'm saying that China will not launch a Hubble-type telescope because advanced adaptive optics allow China to achieve space-based telescope results with advanced Earth-based telescopes.^^
Is you are trying to say US does not have earth based observatories?
Other way of saying China lacks the technology to send a telescope to space.
So this means that NASA is a fool who is who is still managing that costly equipment and they are not able to make any advances in there earth based observatories in so much time.I'm saying that China will not launch a Hubble-type telescope because advanced adaptive optics allow China to achieve space-based telescope results with advanced Earth-based telescopes.
The point is that China possesses Earth-based Hubble-quality telescope capability and advanced adaptive optics technology that is equal to the United States.
The US has spaced-based Hubble. China has equal astronomical capability using advanced Earth-based adaptive optics.
Can someone ban this *****?I'm saying that China will not launch a Hubble-type telescope because advanced adaptive optics allow China to achieve space-based telescope results with advanced Earth-based telescopes.
The point is that China possesses Earth-based Hubble-quality telescope capability and advanced adaptive optics technology that is equal to the United States.
The US has spaced-based Hubble. China has equal astronomical capability using advanced Earth-based adaptive optics.
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