Author: cestmoi

USD:RMB exchange rate [Copy link] 中文

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Post time 2008-7-7 13:19:00 |Display all floors

Reply #42 tiger343400's post

If China is open, and allow FREEDOM to ADJUST to new economic paradigm, adjustment will be quick and agile.

European don't mind expensive energy, because they have earned the right to MINT.
USA with it's supersized wasteful manner is just catching up with Europe.
China size and diversity will be huge.

The ordinary Chinese must have avenue for savings and investments, at least the crucial top 20%
and the top 50% in general who have excess income to save.
The bottom must have a provident/insurance scheme to prevent "clay feet" problem and allow for reasonable retirement.

Without the investment and savings industry development, MINTING RIGHTs is not possible in China, as the avenue for "cash destruction" is not available except for the harsh taxation which will result in GIGANTIC SCALE OF CAPITAL FLIGHT.


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