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ossipena's Avatar
Posts: 3,159 | Thanked: 2,023 times | Joined on Feb 2008 @ Finland
#25
Originally Posted by ysss View Post
That is one way the chinese government has been raising the living standard in China. Successfully, I should add.

The chinese people's living standard increase at about double the rate of average increase across Asia.
exactly. no credit to usa = no demand for products they are making.

give credit -> sell hella lot of stuff and gain money -> give more credit -> sell even more stuff -> etc.

thanks to the most competitive labour prices western countries have priced themselves out by lightyears.
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