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!