The West wants no peers, only slaves.
With Ben Norton ...
[video v=GUpWxNcdnYU]Bonus film : What is the West's mindset today ? - with Michael Brenner and Neutrality Studies ...
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China – economic outlook – part 2
Quality of life and harmony. Don't miss it.
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[video v=isJR5dS27qA]YT comment :
"Unlike the West, China doesn't want to beggar their neighbors. China has learned that enriching your neighborhood increases your business opportunities."
Adjusting economic development
[At the recent Davos meeting] China’s feisty new-generation leader (and premier-in-waiting), Vice-Premier Li Keqiang, declared, “we must change the old way of inefficient growth and transform the current development model that is excessively reliant on investment and exports.” Beijing is getting serious about boosting internal consumption.
Li announced, “We will focus on boosting domestic demand.” Coming from Washington such words would inspire a yawn. Coming from the future leader of China, the word “transform” demands attention.
Beijing has the resources and power to transform its economy. We’ve seen proof of that in the past year.
Li listed a number of initiatives including a stronger health care safety net and to subsidizing rural poor to buy household appliances. As Li sees it, “The growth in domestic consumption in China will not only drive growth in China but also provide greater markets for the world.” That’s encouraging news for global companies who wish to sell to an increasingly wealthy Chinese consumer, and for Chinese firms looking to expand internally.
http://www.stockmarketsreview.com/news/pay_attention_to_china_s_new_growth_model_20100204_2779/
Chinese economy overtakes Japan to be the world’s second largest
China has almost certainly overtaken Japan to become the world's second-biggest economy after state officials dramatically upgraded their estimates for the country's growth last year. According to the World Bank, Japan's annual output was the equivalent of $4.9 trillion last year, but it is expected to shrink by 6.6pc this year. Meanwhile, Chinese officials project that its economy will grow by more than 8pc this year. It means it is likely that China became a larger economy than Japan some time in the second half of this year. Also, soon to be released figures are very likely to show that China is now the world's greatest exporter, taking over from Germany.