Chinese Economics Thread

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antiterror13

Brigadier
AndrewS said:
I agree oil will decline in importance significantly.

But I think Hydrogen will only take over about 20% of the carbon-based energy needs, with another 70% based around battery storage technology.

And if you're looking that far into the future, the collapse of the petro-dollar does mean the end of the US Dollar as the default reserve currency.

Particularly given the likelihood of continued trade deficits, along with much larger US dollar debts to foreigners, and the high likelihood of both China and India having larger economies than the USA.

So we should all be preparing for the day when the US Dollar is dethroned from its current role.
But what replaces the US Dollar is another question.
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International currency backed by few big currency (i.e USD, Euro, RMB, Yen, GBP), so no single country could decide on its own
 
K

KYli

Brigadier
antiterror13 said:
commodity, textile, fiber, chemical, drug, etc ... basically low tech products that can easily be replaced
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When China has a large surplus with India, why bother with those commodities import. Let India overpaid for its infrastructure projects and products. I just can't take India seriously. India should have bide its time and wait patiently for its chance of ascendant instead of wasting precious resources for expensive military junks and under investing its infrastructure and education.
 
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