🚀 go-pugleaf

In <4146@randvax.rand.org>
edhall@rand.org (Ed Hall) writes:
>Personally, I'm more worried about China, whose economy is growing so
>explosively that it could well overtake Japan's in the next two decades.
>The Japanese might wind up looking positively genteel in comparison.
>
>                -Ed Hall
>                edhall@rand.org
>

I hope this is just your personal viewpoints since your company is
quite respectable in making recommendations to U.S. government.

The uniqueness of imports from Mainland China is that most of them
are labor-intensive product which is competing with other 3rd-world
countries, while imports from Japan are taking high-pay U.S. jobs
out of America and wiping out entire U.S. industries on by one.

(I'd like to buy U.S.-made TV and VCR, where are they???)

Moreover, in the process of economic reform toward the free-market
capitalist economy, Mainland China are buying technology-intensive
products from U.S., generating a lot of high-pay jobs for U.S.
workers (e.g. Mainland China is the top customer of Boeing Aircraft Co.
with US$4.6 billions in outstanding order, and still increasing
--- a US$800-million contract for 6 Boeing-777 was signed last month).
As Mainland China's economy develops, more and more U.S. products
will be bought for her huge infrastructures.

One of FUNDAMENTAL difference of Mainland China from other countries
such as Japan is that China has the resources while others have to
import almost everything --- that's why once those countries become
industrialized, they will have to suck blood from U.S. economy in
order to import raw material and energy to sustain their lifestyles.
For example, Japan has to import about 5 million barrels of oil a day,
at US$20 per barrel, that is US$36 billions a year --- this is the
amount Japan has to suck from U.S. for importing oil alone, not counting
other essential raw materials.

(A sidenote:  Mainland China is #3 energy producer in the world
 and exporting oil to Japan at about 200 million barrels a year).

I wish I have more time to write about this:  once Mainland China
becomes fully industrialized, it'll be truely the world's largest
consumer market without having to suck blood from others' economies
(just like U.S. --- both U.S. and China have all natural resources
needed for industries).

Another point:  once a country without natural resources becomes
industrialized, it will become a parasite, sucking blood from
U.S. economy and taking high-pay jobs out of U.S.

James Huang