What does Luxembourg need from China that they''''re not getting from the EU?
Portugal and Italy I understand. They''''re Western Europe''''s more financially unstable countries, but I thought Luxembourg was doing pretty well for itself.
It really looks like China is going to be the world''''s superpower in a few years...
That really shouldn''''t be a surprise, so many people and advancing for so many years now. US is still ahead on a couple of metrics, but about to lose many of them. not surprisingly with more than 4 times the population.
Possibly, but let’s not ignore China’s population bomb. Unlike the west, China is growing old before it grows wealthy. Alongside their aversion to immigration and frankly a lack of enough immigrants, China’s working age population is about to nosedive, relatively speaking of course. Furthermore, we just don’t know how well they’ll handle the shift from an industrial to market economy.
Meanwhile the USA is growing every single year, and also has strong potential allies in NATO. It also has a large advantage in high end technology.
So China very well may become the world’s largest economy and dominant power in the upcoming years, but it’s far from a 100% fact.
Yeah but many parameters are similar to Japan, it isn''''t ideal but they remain quite competitive. population growth in US counts for little as China has 4 times as much. And even if China doesn''''t becomes dominant on the world stage there is India which is also catching up rapindly and the rest of tge developing world too. in population but just as much in economic power. The share the world economy for US is going to decline. US will still have a lot to say but the role is increasingly that of Russia. Russia has become only a minor economy but as it has a lit of military power Inherited and still invested they still have something to say in the world theatre.
All I see from India is rampant economic mismanagement and corruption. Unless they do a complete 180 from the last 70 years soon, I very much see them being trapped in the low income or AT BEST the middle income trap ala Brazil. But yeah, even as a low middle income country they will still be powerful.
The key difference between China and Japan is that Japan grew old once it was rich, China is trying to grow wealthy while getting older and older. Frankly we have no idea how that will affect growth, although it will mean a much smaller working age population.
China gets resources, countries get money. What''''s the problem?
Problem is exploitation.Specifically of children who work in hazardous situations in these countries.
It''''s not countries that get money,it is corrupt who do.The needy are just left to their own...
children working in hazardous situations in countries such as Italy and Portugal?
Child labor isn''''t the international community''''s fault, it occurs due to poverty not exploitation. A lot of people get angry about children in sweatshops largely because they make products sold in the west, but the vast majority of Child labor is occurring in substance agriculture (70% according to some statistics). Among other contributes are weak governments, large informal economies, and poor treatment and under investment in women, but industrialization isn''''t a large cause. Its difficult to say whether industrial work is more hazards due to wildly different forms of child labor in urban and industrial economies, but given the improved resources of governments through industrialization, its probably a net positive on the child labor issue.
If china gives money to corrupt individuals or countries its going to waste their money. True debt could be a massive issue, but China has historically to forgive debt that its sent out into the world, look at the Tanzania Rail network built in the 70s or loans to Ethiopia that were redone last year.
Do you not think it looks eerily similar to the British style of empire?
I wanna see what''''s gonna happen when it''''s time to pay back those loans.
China''''s very lenient with the interest rates on their loans, so probably not too much. To them, gaining allies is more important than keeping money.
They are, but even without interests, many of these are poor countries and if they had the money to build the infrastructure China is paying them to build they would do it with their own money. I think this is a strategy from China to seize the ports, and highways they built in order to control commerce in other countries, which will happen inevitably once these countries are unable to pay them back, even without interest.
Bingo. China has been on an international mission over the past 2 decades to expand their industrial reach into every country that is not influenced or under direct control by the US or the west. China has its hooks into Africa, Russia is overtaking the Middle East and they are both pressuring Korea, Vietnam and Japan.
Seize back the assets i would assume, straight from the East India Company playbook
They can''''t pay them back, and them China takes critical infrastructure instead like they''''ve done so far.
China? Don''''t you mean the evil empire from Star-Wars?