Shun_Ichiro thinks
15 years ago
from today's China Post 10/8
latest #14
Shun_Ichiro says
15 years ago
According to the article, China's ability as global engine in doubt.
Shun_Ichiro says
15 years ago
China still relies on Export-led growth, may not substitute US's comsuming power.
Shun_Ichiro says
15 years ago
Of course you know, someone product something, someone should comsume that.Someone export something someone import that.
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Shun_Ichiro says
15 years ago
It is obvious principle, but we occasionaly forget that. If one country keep 7% of GDP growth, ten years after, its product be double.
Shun_Ichiro says
15 years ago
In US, before finaicial shock, lent money, and consume things and threw that, and consume new one. thier debt was bought by who? Yes,we did.
Shun_Ichiro says
15 years ago
Sub-prime Loan,has good interest, but has good risk too.We Asian din't know the contents, bought that and lost money.
Shun_Ichiro says
15 years ago
So, you know, Products should be consumed, and it is better consumed within the country as far as possible.
Shun_Ichiro says
15 years ago
Yet GDP growth increased rapidly, our enviroments changed very fast either, but our custom hard to change.
Shun_Ichiro says
15 years ago
The people ten years ago consumed 1, and now, why he can consume 2? The material's consumption has its limit naturally.
Shun_Ichiro says
15 years ago
Our economy should be convert to Service economy from manufacturing. We can consume service without considering pollution, either.
Shun_Ichiro says
15 years ago
Yet Old custom would obstacle that, it is stingy of "money" not "materials". Of course Materials should be save for our planet.
Shun_Ichiro says
15 years ago
We have to use money more aggressively, especially for service, not investing, for our society.
Shun_Ichiro says
15 years ago
We should culculate oppotunity cost, do rational things by using service instead doing all things by yourself.
Shun_Ichiro says
15 years ago
The money you spend for service would nourish your countries, that make your business chance bigger, and return to you.
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