China wins another BATTLE!

United States
December 19, 2007 12:03pm CST
Yes, it is true. China is engaged in an economic battle with the USA. Skirmishes are waged everyday and lost as US consumers purchase goods at WAL-MART. Now, China has taken some of their honestly gotten gains and purchased a major stake in a famous US financial institution. Read all about it here. http://www.ft.com/cms/s/0/294ed78a-ae3a-11dc-97aa-0000779fd2ac.html So, how long do you suppose it will be before China just out right buys controlling interest in a major USA corporation? Bear in mind, they already have the money to do it!
2 people like this
6 responses
• China
20 Dec 07
I am a chinese too``I really don't know what the china government think about `but what I really know is that most of our chinese keep positive to american `believe me ```and as you know china nanjing car company buy the Rover ---a uk car company``but as i know nanjing car company don't get too much from the 'battle' ``and Tcl Corp buy the RCA and Thomson but the TCL lose much after the business`` i think most chinese has no enough power to manage a international big company``enve though they have enough money`` say something about others ` `believe it or not ``i think chinese like american more than russia ``but maybe chinese government like russia more than american
2 people like this
• United States
20 Dec 07
I am sure that as Chinese business gets more experience running international big companies, they will do very well. Getting experience is the big key to learning. I agree Americans and Chinese would do well to become friends and work together. True, too that perhaps our respective governments have policies not possibly in agreement with their people. This is what makes the internet great and such a good thing. We can talk direct and be friends no matter what our governments think or want. Looking forward to speaking to you again. Long live the internet!
1 person likes this
• China
22 Dec 07
i take little trust to my country'big business,for i have seen too much bureaucarts and too much unfair,hope one day the situation will be better,
• China
20 Dec 07
congratulations,i'm chinese.i am very happy you say that.i hope every country economic developed.
2 people like this
• United States
20 Dec 07
Congratulations, right back at you. Yes, the Chinese government is currently beating the American capitalists at their own game. I hope it is humbling to the American businessmen. They have been too arrogant. If they learn their lesson, I'm sure Americans can compete with anyone. Thank you for responding in my thread. I hope to talk to you again.
1 person likes this
@Debs_place (10525)
• United States
19 Dec 07
Well I don't know about a specific answer to your question but - let's examine Lenovo computers. I believe that Lenovo employees are employed by the Chinese government. Have you heard of HSBC - Hong Kong and Shanghai Banking Corporation. The Hongkong and Shanghai Banking Corporation, a bank established in Hong Kong by Thomas Sutherland in 1865 to finance the growing trade between China and Europe. Have you noticed a few of their branches locally?
1 person likes this
• United States
19 Dec 07
Locally, there are no foreign banks. I live in a remote, rural, largely unexplored and under populated portion of darkest Arkansas. Even yankees are considered foreigners and tread here carefully. Bankers are mostly decendents of local early home grown banking pioneers. Bankers representing foreign institutions might just be run out of town wearing a fresh coat of tar and feathers.
@Debs_place (10525)
• United States
19 Dec 07
Wow..I guess that is another good point about living in Arkansas, the another being Bill and Hilary no longer live there - instead we got stuck with them. I have been in Arkansas...let's see many years ago there was the Hope Watermelon festivial and then there was Diamond Crater state park.
1 person likes this
• United States
19 Dec 07
Arkansas is really a neat place to live. I just like to have fun with the 'hillbilly' thing.
@Adoniah (7515)
• United States
19 Dec 07
If you do not want to buy Chinese products, then you better not buy any products made in Hong Kong. Or any products with the Wal Mart label on it or any products from a lot of the third world countries that just do the packaging of products, because they all just slap their labels on Chinese products and claim them as their own. China does not seem to care once it is paid for and leaves their shores. I guess, since they are so used to stealing technology, they expect theft from others.
@Adoniah (7515)
• United States
20 Dec 07
If China keeps going the way it is heading, it won't just own us it will own a lot of countries. The trick is to figure a way to keep it from wanting to own us. They need to want to stay home and like their country better than ours. They need to clean up their act and make their country pollution free. Build up and down not out, and get their population under control.
@friendship (2085)
• Canada
21 Dec 07
Yes, "Made in China" is everywhere. When you go to WalMart, Pet-shop, Toy R Us, Best Buys, Macy, etc, you will find "Made in China" products (most of them are consumer goods). In my opinion, US will still get a competitive advantage if you can develop more and more technology and innovative products. Well, it is possible that China may be able to keep up such products. However, if your products have a better quality and can last longer, there are still customers who are loyal to "Made in USA". Most China products won't last longer because they are being produced in mass productions with cheaper labors. Alternatively, you can offer cheaper salaries and wages to the people so that US products can also gain a bit competitive advantage in the world. I think the people don't mind about having lower salaries but getting more long-term benefits. Why not? It is for the sake of getting employment, isn't it? For the corporation, why not do they invest their profits for the better technology, in-house and cheaper labours? Sharing an economy pie with other countries will actually not be a bad thing if it is shared equally and it can be managed properly. The world which has equal prosperity will be better than the world which has a huge gap between poor and rich countries.
@vanities (11387)
• Davao, Philippines
20 Dec 07
well its just means that chinese are well off..what i mean is their economy is really booming and have enough money to financed whatever they wishes..