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Thread: It turns out China is not a Painting contractor

  1. #121
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    Quote Originally Posted by wilbur View Post
    Have you ever even been there? On what do you base your conclusion?

    One indication of the fast growing Chinese middle class is that 135 million Chinese travel abroad on tourism every year. In 2000, it was a mere 5 million. The 3rd largest group of foreign visitors to Canada last year was Chinese tourists, at 700,000, after the US and UK, and they spend more on average.

    Another is the surge in domestic Chinese e-commerce, at 4 trillion dollars in 2018, compared to .7 trillion in 2010. Total internet users in China is over 800 million, and big cities populations operate in an almost cashless society. Cell phone users exceed 1 billion. Not a backward society anymore.
    I have been there, and Tawain and HK, several times, as well as most of SEA and Japan.

    The development has been remarkable, no one would question that. At this point the country has a middling per capita GDP which means for every well to do Chinese hiding money in Canada there are thousands at home working in sweatshops.

    Much of that development has been built on the back of exports and a massive local government debt. There will be, at some point, an economic setback. The regime is determined to avoid it because their survival depends on it.


    At the bottom of all the tributes paid to democracy, is the little man, walking into the little booth, with a little pencil, making a little cross on a little bit of paper - no amount of rhetoric or voluminous discussion can possibly diminish the overwhelming importance of the point.

  2. #122
    Quote Originally Posted by onthebottom View Post
    At this point the country has a middling per capita GDP which means for every well to do Chinese hiding money in Canada there are thousands at home working in sweatshops.
    Wasn't this also true of Canada and the U.S. before we all became rich? I think we also had/have sweatshops.

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