Tuesday, April 13, 2010

China's Strengths

China continues to make the news as our chief competitor and financier. One of my email newsletters had some interesting perspective.

Robert Hsu claims that China's strengths are:
  • China has little exposure to the problems we have here.
  • China has no restrictions on spending stimulus money.
  • China’s banks are stronger, with no subprime mess holding them back.
  • China has over a $2 trillion surplus to spend as it sees fit.
  • China has turned its growth internal with a $586 stimulus spending program.
  • China has its own 1.3 billion-man market to sell to and a workforce that’s growing richer and spending money every day!

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