Does it have any affect to Laos if 20 millions Chinese toy workers are jobless ?

Dark Angel · Guru

Does it have any affect to Laos if 20 millions Chinese toy workers are jobless ?

Dark Angel · Guru

RE: Does it have any affect to Laos if 20 millions of Chinese toys workers are jobless ?

khonthakek · Guru

firstly china doesn't care much about exporting in the future, the new strategy of china is not to increase the exporting the goods to other countries, but to consume the goods only in china. so it won't be affecting much for chinese and chinese economic.

In the future, Southeast asia countries such as vietnam, cambodia, thailand and laos will replace china for manufacture and become the world's top suppliers. but it needs at least 20 years. especially in Laos.

Dark Angel · Guru

Does it have any affect to Laos if 20 millions Chinese toy workers are jobless ?

eye_sky · Guru

China provides a very cheap labor force; good for the foreign investors but bad for the local workers who slave with long working hours at very menial pay. This is how some autocratic government practices can take advantage of its own people.

http://eye-in-the-blue-sky.blogspot.com/2010/01/klcc-aquaria-part-3-sharks-and.html

Dark Angel · Guru

eye_sky wrote:

China provides a very cheap labor force; good for the foreign investors but bad for the local workers who slave with long working hours at very menial pay. This is how some autocratic government practices can take advantage of its own people.

http://eye-in-the-blue-sky.blogspot.com/2010/01/klcc-aquaria-part-3-sharks-and.html

That is how China will become the economy super power . The American investors have moved the American factories to China and Mexico because of cheap labours , no union pay , no pension , no medical care , no work comp , no laws sue , pay less taxes and do not have to worry about clean up and the pollution of the environment in the US but making big profit.

-- Edited by Dark Angel on Thursday 21st of January 2010 01:20:02 PM

khonthakek · Guru

does any one know how much salary for laotian woker in the garment factory ??

Dark Angel · Guru

khonthakek wrote:

does any one know how much salary for laotian woker in the garment factory ??

Where ? in Laos or the US ? Normally in the US by law they must be paid by the minimum wage is $7.75 per hour but some be paid by how much or how many they could finish by pieces. If they work for Wal-Mart factories in China less than $3 dollars per day and no benefit of what so ever.

Minimum Wage Laws in the States - January 1, 2010

Minimum Wage and Overtime Premium Pay Standards Applicable to
Nonsupervisory NONFARM Private Sector Employment
Under State and Federal Laws
January 1, 2010¹

ALASKA	Future Effective Date	Basic Minimum Rate (per hour)	Premium Pay After Designated Hours ²
ALASKA	Future Effective Date	Basic Minimum Rate (per hour)	Daily	Weekly
			8	40
		$7.75

Under a voluntary flexible work hour plan approved by the Alaska Department of Labor, a 10 hour day, 40 hour workweek may be instituted with premium pay after 10 hours a day instead of after 8 hours.

The premium overtime pay requirement on either a daily or weekly.

-- Edited by Dark Angel on Thursday 21st of January 2010 04:16:06 PM

BLM2010 · Senior Member

Measure it in a percentage instead of looking at the number unless you are theoretically referring to provincial level of unemployment rates because China has massive population. Although 20 millions sound enormous but a country as a whole has over 1.3 billion people. Chinese economy will be augmented in size despite sporadic internal chaos.

Is 20 million unemployed workers going to affect Laos? My answer is NO; especially assistance from state to state. China, like other countries across the world was hit by the economic crisis during 2008/2009. According to BBC, factories closed and workers were laid off, but the economy recovered quicker than expected due to the help of a massive government stimulus package. You can't deny America is the biggest market for every country and the main reason for global crisis was recognized as the heavy dependency by the world on US consumers. This realization had forced many countries to stand up for themselves. For instance, China economy is now focused on replacing exports with domestic demand, both consumption and investment.

I can fairly say that China is rising so quick and to the point that it has to make itself look smaller than it actually is as to minimize the inevitably raising fears in Asia Pacific and the US of this newly dominating Chinese regional----and potential global power. The United States is no doubt worried about clinging on its hegemony and become paranoid of losing its resolute predominance in the world affairs. Nevertheless, Asia has its legitimate reason to be fearful of China. India, Philippines, and Vietnam all have territory disputes with China in the Sea and the Land. Chinese are quite nationalistic, their leaders know how to use this for their advantage when push comes to shove and they are not like some chest-thumping, flag-waving armchair Laotian Generals here at Samakomlao who would not hesitate to show it behind the curtain.

-- Edited by BLM2010 on Friday 22nd of January 2010 01:45:53 AM

Dark Angel · Guru

BLM2010 wrote:

Measure it in a percentage instead of looking at the number unless you are theoretically referring to provincial level of unemployment rates because China has massive population. Although 20 millions sound enormous but a country as a whole has over 1.3 billion people. Chinese economy will be augmented in size despite sporadic internal chaos.
Is 20 million unemployed workers going to affect Laos? My answer is NO; especially assistance from state to state. China, like other countries across the world was hit by the economic crisis during 2008/2009. According to BBC, factories closed and workers were laid off, but the economy recovered quicker than expected due to the help of a massive government stimulus package. You can't deny America is the biggest market for every country and the main reason for global crisis was recognized as the heavy dependency by the world on US consumers. This realization had forced many countries to stand up for themselves. For instance, China economy is now focused on replacing exports with domestic demand, both consumption and investment.

I can fairly say that China is rising so quick and to the point that it has to make itself look smaller than it actually is as to minimize the inevitably raising fears in Asia Pacific and the US of this newly dominating Chinese regional----and potential global power. The United States is no doubt worried about clinging on its hegemony and become paranoid of losing its resolute predominance in the world affairs. Nevertheless, Asia has its legitimate reason to be fearful of China. India, Philippines, and Vietnam all have territory disputes with China in the Sea and the Land. Chinese are quite nationalistic, their leaders know how to use this for their advantage when push comes to shove and they are not like some chest-thumping, flag-waving armchair Laotian Generals here at Samakomlao who would not hesitate to show it behind the curtain.

-- Edited by BLM2010 on Friday 22nd of January 2010 01:45:53 AM

Again BLM good point. Now my question is if China has the problems with territory with India, Vietnam and the Philippines and also with Taiwan. Suppose the US and NATO boycott and economy sanction against China what will happen ? China is rich country but the majority of the Chinese are still poor. Of course , there are 79 billionaires and over 100,000 multimillionaires and 300 million people are rich and have good living but one billion people are cheap labours.

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For instance, China economy is now focused on replacing exports with domestic demand, both consumption and investment.

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China is a rich country but the majority of people are still poor. How are they going to sell their products because the majority of Chinese could afford to spend like the US and the European Union.

-- Edited by Dark Angel on Friday 22nd of January 2010 02:47:53 AM

khonthakek · Guru

POOR CHINESE ABOUT 254,000,000 according to http://cn.chinagate.cn/worldbank/2009-04/10/content_17585295.htm
The majority is not poor.. the Majority is middle class and higher class.

BLM2010 · Senior Member

Dark Angel wrote:

BLM2010 wrote:

Measure it in a percentage instead of looking at the number unless you are theoretically referring to provincial level of unemployment rates because China has massive population. Although 20 millions sound enormous but a country as a whole has over 1.3 billion people. Chinese economy will be augmented in size despite sporadic internal chaos.
Is 20 million unemployed workers going to affect Laos? My answer is NO; especially assistance from state to state. China, like other countries across the world was hit by the economic crisis during 2008/2009. According to BBC, factories closed and workers were laid off, but the economy recovered quicker than expected due to the help of a massive government stimulus package. You can't deny America is the biggest market for every country and the main reason for global crisis was recognized as the heavy dependency by the world on US consumers. This realization had forced many countries to stand up for themselves. For instance, China economy is now focused on replacing exports with domestic demand, both consumption and investment.

I can fairly say that China is rising so quick and to the point that it has to make itself look smaller than it actually is as to minimize the inevitably raising fears in Asia Pacific and the US of this newly dominating Chinese regional----and potential global power. The United States is no doubt worried about clinging on its hegemony and become paranoid of losing its resolute predominance in the world affairs. Nevertheless, Asia has its legitimate reason to be fearful of China. India, Philippines, and Vietnam all have territory disputes with China in the Sea and the Land. Chinese are quite nationalistic, their leaders know how to use this for their advantage when push comes to shove and they are not like some chest-thumping, flag-waving armchair Laotian Generals here at Samakomlao who would not hesitate to show it behind the curtain.

-- Edited by BLM2010 on Friday 22nd of January 2010 01:45:53 AM
Again BLM good point. Now my question is if China has the problems with territory with India, Vietnam and the Philippines and also with Taiwan. Suppose the US and NATO boycott and economy sanction against China what will happen ? China is rich country but the majority of the Chinese are still poor. Of course , there are 79 billionaires and over 100,000 multimillionaires and 300 million people are rich and have good living but one billion people are cheap labours.

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For instance, China economy is now focused on replacing exports with domestic demand, both consumption and investment.

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China is a rich country but the majority of people are still poor. How are they going to sell their products because the majority of Chinese could afford to spend like the US and the European Union.

-- Edited by Dark Angel on Friday 22nd of January 2010 02:47:53 AM

Chinese economy is about to surpass Japan as a second largest economy in the world behind only that United States. I don’t know how you would conveniently dismiss the fact that the poverty level in China according to the CIA-World-Facts Book is quite low. In the early 90s, only 200 million people were living below poverty line. Its domestic oil consumption in 2007 was also the world second largest, and the production of autos for domestic use rolls out in millions of units per year overtaking the United States in 2009. Retail sales have been staggeringly increased due to strong domestic demands and therefore, to claim that majority of their people are still poor is groundless. In addition, Chinese also invest billions of dollars throughout Africa, Asia, and Europe. Recently, it snapped up over $3.9 billion of US assets whereas U.S buyers only plowed $3 billion into Chinese entities. China is for sure not a military threat to the United States not in any foreseeable future, but they are a strategic economic competitor even Google reckoned it could not beat Baidu in China and it also knows the Chinese search companies like Baidu will pose a future threat to its global dominance. Chinese upstarts are full of cash, innovative and potentially could snap up tech assets in the U.S. So Google wants to create an environment where any buyout attempt by Baidu could be rejected.

Any threat of boycotting Chinese cheap products or commodity would just ring hollow. U.S and Europe are no longer in the position to initiate a trade war with China. All sides would face tremendous amount of financial losses. A sanction or embargo would only be for a short time if it ever happens simply China economy is too big to brush aside without regards to reciprocal negative consequences and to top it off, China still holds U.S treasury bonds in billions of dollars and billions in accrued interests at maturity date. I am more concerned about Federal Reserve in U.S than boycotting Chinese commodity. They are too busy printing money without solid backup making the bubble even bigger. As you know, the GDP is roughly $17 trillion (?), national debts stand at $12 trillion and the deficits are in billions of dollars with approximately 80% based on consumer spending recently. We were hit by terrorist forced us to spend billions of dollars a year on homeland security followed by corruption in subprime loans and the invasion of Iraq by an IQ 94 Georg W Bush exacerbated our financial meltdown. I can only hope recession is not turning into depression. Don’t expect partial recovery until the end of 2010.

BLM

-- Edited by BLM2010 on Friday 22nd of January 2010 05:44:04 AM

Dark Angel · Guru

khonthakek wrote:

POOR CHINESE ABOUT 254,000,000 according to http://cn.chinagate.cn/worldbank/2009-04/10/content_17585295.htm
The majority is not poor.. the Majority is middle class and higher class.

How could it be when the average migrant Chinese workers are the majority people in China who earn less then 1300 dollars per year. Over 800 million Chinese migrant workers earn about $ 3 per day. So how could it be ? As some one mention there are 79 Chinese billionaires and over 100,000 multimillionaires and about 300 million Chinese are in rich and good living but the rest earn the average about 1300dollars per year. Correcting me if I am wrong. Yes of course China is rich with big income but not the people. The Chinese government officials and business and the country are rich. There are very little benefit of welfare , social security , medicare and pension for those workers unlike the US spending trillions and trillions on these program . The China is very rich and some few Chinese are super rich and little bit of middle class and majority of Chinese are poor. A years work could not even to afford to pay for a computer or camera. India is also rich country and has 52 billionaires and the majority of the India people are poor just like Chinese.

BY RICHARD McCORMACK richard@manufacturingnews.com

Job growth in China's manufacturing sector is not declining, as was widely reported by the Conference Board last June.

If manufacturing jobs were declining in China, where manufacturing is growing, then it would not be so bad if they were also declining in the United States, economists and policy people have repeatedly argued. But that is not the case, according to a report commissioned by the U.S. Bureau of Labor Statistics.

"The renewed increase in China's manufacturing employment that began in 2002 or before is fueled by private corporations and businesses, both foreign funded and domestically own," writes Judith Banister. Manufacturing employment did take a dip in the late 1990s, due mostly to the downsizing of so many unproductive state-owned enterprises.

The number of people working in the manufacturing sector in China is also far higher than most analysts have estimated, according Banister, a consultant working with Javelin Investments in Beijing, China. At least 109 million Chinese are working in the manufacturing sector, far more than the 83 million reported last year. Banister says 109 million is a conservative number.

By comparison, there are 14 million manufacturing workers in the United States and 53 million in the G-7 countries combined.

Millions of migrant Chinese workers are not counted as part of 109 million manufacturing workers. Moreover, companies in China might not be reporting millions of other workers as a means to avoid paying taxes.

"Both foreign and domestic employers who are eager to keep down their labor costs and statistical reporting requirements may prefer that their export-processing factories be classified as rural or TVE (village and town enterprises)," writes Banister in a report titled: "Manufacturing Employment and Compensation in China." When classified as such, they fall under the jurisdiction of the Chinese Ministry of Agriculture, as opposed to its Ministry of Labor. "Under such classification, they need meet few, if any, requirements to pay social insurance and other welfare obligations for their hundreds or thousands of production and hand assembly workers," writes Banister.

The collection of employment data is also concentrated on the rapidly declining state-owned enterprises, "giving short shrift to the not-yet adequately collected or published statistics on the thriving, growing, dynamic private manufacturing sector."

There is no shortage of workers in China and a steady stream of people from the countryside means the country will have a low-cost labor force for decades to come. There are as many as 200 million "surplus" workers who are jobless in China's agricultural sector, says Banister's report. "As agriculture modernizes in China during the coming decades, hundreds of millions of agricultural workers will need other kinds of employment....Up to 500 million peasants are expected to migrate to cities in search of factory work over the next two decades." Moreover, there are plenty of unemployed workers in the cities seeking better jobs. The unemployment rate in China's rust belt in the northeast is 40 percent. Some estimate the true unemployment rate in China is 25 percent.

As a result, Chinese workers remain among the lowest paid in the world. The average total labor compensation for a Chinese manufacturing worker is 57 cents per hour, with many making far less than that, benefits included.

An average Chinese wage of $0.57 per hour -- or $104 per month -- is about 3 percent of the average U.S. manufacturing worker's wage, according to data collected by Banister. "Equally as striking, regional competitors in the newly industrialized economies of Asia had, on average, manufacturing labor costs more than 10 times those for China's manufacturing workers, and Mexico and Brazil had manufacturing labor costs about four times those for China's manufacturing employees."

The average hourly wage for a worker in a rural setting was $0.41 per hour, and migrant workers are making even less than that.

The average annual earnings for manufacturing workers in cities were $1,347 (11,152 yuan at the official exchange rate) for the year 2002. Manufacturing workers in the countryside averaged $837 (6,927 yuan) for the year. Urban manufacturing workers average 45.4 hours of work per week, "and it is...reasonable to assume that [rural] manufacturing workers average 50 hours of work per week in 2002," writes Banister.

There is a wide variation of pay among industries: textile industry workers averaged about 40 cents per hour (7,268 yuan per year), and garment workers outside of the cities "are paid less than that," according to Banister.

Medical costs are not included in the figures.

"By the end of 2002, the number of rural and small town workers with any social pension insurance was miniscule," according to Banister. "China's urban towns and rural areas have very weak or nonexistent social benefit systems for pensions, medical insurance, unemployment insurance, workers' compensation and the like. Pension and medical insurance systems paid into by employers and employees essentially do not exist in China outside of cities today."

Moreover, taxes are rarely paid, in part because of the legacy of the Maoist period from 1949 to 1978, during which time taxes were not collected. "Today, during the post Mao economic reform era, employers appear to have developed a culture of tax avoidance," writes Banister. "For example, when foreign and multinational companies come to China and attempt to acquire or set up a joint venture or merger with a (usually state-owned) Chinese company, the foreign company insists on engaging in a due diligence process to determine whether the joint venture, merger or acquisition is in the interest of its owners and shareholders. The auditors and accounting companies frequently discover that the target company has two sets of books...The 'tax ledger' is a set of employee and financial data reported to the tax and other authorities and the 'administrative ledger' records a more accurate picture of the number of employees, their actual earnings, the true costs and income of the company, its actual profit, and more. The tax ledger is designed to minimize tax exposure, particularly corporate income taxes, value-added taxes, personal income taxes for employer and employees and required social benefit payments. It is believed that non-public-sector domestic Chinese enterprises avoid taxation and social benefit payments to an even greater extent than the state-owned and collective-owned enterprises."

All of this makes for a highly competitive manufacturing enterprise that has turned China into a global juggernaut, Banister argues. Low-cost workers and tax avoidance are only a few of the advantages Chinese firms have over foreign rivals. The huge size of China's market is also driving growth. The country has a thriving middle class and people want to buy manufactured goods. China also has convenient logistics located in its coastal regions, and land prices are low.

"Many domestic manufacturing concerns in China never had to buy the land for their factories," writes Banister. Land prices are reported to have declined by 70 percent in major urban areas since 1993.

The country also offers financial and tax incentives, tax holidays and a favorable currency for export. Its political and economic systems are relatively stable compared to other developing nations.

The 9age report is located at http://www.bls.gov/fls/chinareport.pdf

-- Edited by Dark Angel on Friday 22nd of January 2010 01:25:58 PM

BLM2010 · Senior Member

Dark Angel, your sited sources was dated back in 2005; as you know, a country has been progressively making onward economically regardless of how we look at it. I mentioned it to you the second largest oil consumption in 2007 and the number one auto market in the world by overtaking the United States in 2008-2009. You should look at the bigger picture than just those cheap laborers in manufacturing sectors. For instance, the numbers of middle-class-income-families producing year on year, the numbers of PHDs graduated, and also the numbers of Chinese tourists heading to Africa, Latin America and Europe. Those places now require mandarin-bilingual-speaking workers in hotels, restaurants even taxi cabs in an effort to accommodate millions of Chinese travelers. If your comparison is based on GDP per capita like Purchasing Power Parity, of course China still has a long way to achieve that simply due to 1,300 million populations. The United States, on the other hand, has approximately 300 million people and its GDP is many times larger. According to economic experts, China economy will only catch up with U.S by 2025 or 2030. That means China must retain its economy many times larger to close in on PPP.

It is no surprise that some Western economists often walk the fine line between legitimate analysis and outright racism when forming their opinions on the issues of China. A lack of impartiality on their parts only gives us desultory conclusions. It was them who ridiculously bashed China of exaggerating economic size and it was them again who claimed China understated its GDP when analyzing the degree of depreciation from appreciation. The only source that would provide a fair assessment on the world economy is from Financial Times and Bloomburg economic views. China is no doubt working its way to becoming superpower and its leaders cautiously but surely projecting the national comprehensive power. It is playing Mr. nice guy for now but no one knows how aggressive its foreign policy (especially towards its neighbors) would be when it reaches that goal. Nonetheless, I seriously doubt China will ever reach its full potential unless further reforms within its party taken place. It will walk a tight rope until multiparty is created which I think its leaders realized that; otherwise, it would not have allowed members from private sectors to join its elite communist's club from which it had banned in the past. That was the defining moment when Chinese leadership admitted capitalists as members of the party. It was a huge step for them to welcome capitalists as a whole into their party beyond the informalities of their prior practice.

Another burden that would hold them back from reaching full potential is a de facto-independent Taiwan to which China desperately trying to win hearts and minds of these people. A longer passage of time, a greater rise in numbers of nationalistic youths in Taipei making it quite impossible to meet the initial goal of peaceful unification and a military force or coercion is certainly not the option for China at the moment. Cultural and economic integration are viable means so far. By using its skilled-cheap-labor to attract more investment from Taiwan and eventually make Taiwan dependable on Mainland. Chinese leaders know what pros and cons are in economic globalization. Globalization also creates competition among countries especially among the big powers manifesting itself mainly in strategic resources of different countries leading it to an open competition in each comprehensive national power. Competition often come into conflict with one another and surely locked in contention. I think it is a matter of time before China will introduce multi-party in its governing body.

As far as India is concerned, they are still way behind socially, economically and militarily. Their economy, in size, is relatively comparable to Brazil and Mexico; however, it too is wary of a potential threat from China. Many rounds of talks concerning territorial disputes had failed to produce any fruitful result. Lastly, please feel free to disagree with me. As you know, this is purely my own opinion. The truth is though, because of China growth, it indeed helps many countries to recover from economic down turn. You can listen to this latest news I will post the link for you.

http://www.ft.com/cms/s/0/bbc48764-0639-11df-8c97-00144feabdc0,dwp_uuid=f6e7043e-6d68-11da-a4df-0000779e2340.html?nclick_check=1

-- Edited by BLM2010 on Friday 22nd of January 2010 07:15:58 PM

Veteran Member

China, over the years, was able to solidify its economic foundation. What it is currently experiencing may still be considered ordinary fluctuations in economy. Nationally, the relative proportion of 20M workers loosing job is nil. Other asian countries are also experiencing having a number of citizens loosing job yet their economy are still able to survive the crisis decently. However, its local effect, just like everywhere else, is undeniable to the concerned communities and families.

It would take an earthquake with a magnitude of 10 (both literally and metaphorically) to make a critical economic impact to China. They have spread their influences thickly enough to other countries to compensate for minor in-country instabilities.

As you probably observed, Chinese are good in business and their principle is very practical yet effective.

How would it affect Laos? considering the current projects of China in Lao borders, the country might consider bringing those jobless to work instead in Laos so they will have a job. This can result to more chinese migrants, but economically it would be the same if what have been mentioned in other related topics are true. I mean, in other threads there were mentions of Chinese investors bringing their own people to work for China-funded projects. If they have been doing that all this time, so its just status quo.

-- Edited by 2010 on Saturday 23rd of January 2010 01:10:21 AM

-- Edited by 2010 on Saturday 23rd of January 2010 01:21:12 AM

-- Edited by 2010 on Saturday 23rd of January 2010 01:22:15 AM

Dark Angel · Guru

Yes , of course brother BLM I do agree with you most of your points of view that China is rich country and soon will be the most economy super power . With 79 Chinese billionaires and over 100, 000 multimillionaires and 300 millions Chinese are rich and very few million are middle class so all of those people combined are more than the whole US population. Of course they are able to buy more cars and burn more oil as much as the US with that amount of people who are rich and able to travel to Africa and around the world but the fact and the majority of one billion Chinese who are still poor and living in poverty that are the reality of China. Not too long ago Chinese used to be staved just like north Korea and millions and millions Chinese fled China to every part of the world for better living. I have been in China many times. I could see that China economy grow and modern cities unbelievable . Just have to remember that 300 million Chinese and 100,000 multimillionaires and few million middle class Chinese and 79 billionaires are about the same the entire US population. India is also the same with 52 billionaires and few of millionaires and very few millions India middle class and the rest of Indian people are poor. China and India countries are rich but the majority of people are poor. One more thing without one billion cheap slave migrant workers, also without the US investors and technologies and US market and stopped economic sanctioned by the US few decades ago,
China would never be China today. That is the truth China brought their own jobless workers to work in Laos instead hiring local Lao people in most every projects in Laos. So 20 million migrant Chinese workers will have jobs where ever there are Chinese investments then the answer is directly that 20 million Chinese workers are jobless could directly affect Laos. Because Chinese will hire Chinese not Laotian in Laos.

Of course brother BLM there are million Chinese students graduated every years with Phd
but not enough job for them.

-- Edited by Dark Angel on Saturday 23rd of January 2010 10:37:58 PM

BLM2010 · Senior Member

That's normally the case when a country is heading toward a developing status or a more developed status from under developed background. It will take sometime before more people will benefit from it. There is no easy way to equitably distribute wealth among citizens; as a result, there is only rich and poor without middle class until a country is maturely, fully reached its potential. Every country faces the same dilemma during the transition and with population over 1.3 billion people like China, is truly a daunting task. You would be too naive to expect all graduated students to securing employment easily. That does not mean their country is not progressing since the introduction of market economy. You have to give them some credit for that. Had China still practiced only command economy like they did prior to 1978, their people would still be riding bicycles with rubber-made sandals throughout streets in Beijing. Men and women looked alike with the same haircuts under red head communist Mao Zedong. Don't get me wrong Mao was smart, good guerrilla fighter at his time and good at keeping and consolidating power, but as the leader of a nation in dire need of vision, pragmatic leadership, and modernization, he was an abject and monumental failure. China would have been in a better position long ago had the Red Head Communist Mao Zedong died sooner than that because Deng Xiaoping would rise to power just right before Mao launched his Cultural Revolution along with the Great Leap Forward and of course among other reasons which had caused millions of lives as a result and undeniably led the country to greater stagnation. It was him who purged Deng Xiaoping from becoming the uncontested leader which could probably gave China a 15-20 year head start in economic reforms. It was precisely his Great Leap Backward catastrophe that killed millions of Chinese from starvation.

As you might already knew, when Mao Zedong died in 1976, Deng Xiaoping pushed their communist congress for economic reforms to which it finally took place in 1978 after the arrests of the Gang of Four including Mao Zedong's wife, all were sentenced to death but later reduced to life in prison without parole. Laos was still clinging on to a fraction of the subsidy given by Vietnam after receiving some minimal portion from Soviet Union. Eventually, everything had come to an end after Soviet Union could no longer provide its client states. Vietnam was forced to declare economic reforms before Laos finally followed her master.

Here is another useful link with video if you are interested in learning more about China economy. Is it helping the world or is it hurting the world if China collapsed?
http://worldfocus.org/blog/2010/01/21/in-global-recession-china-continues-breakneck-expansion/9359/

Dark Angel · Guru

BLM2010 wrote:

That's normally the case when a country is heading toward a developing status or a more developed status from under developed background. It will take sometime before more people will benefit from it. There is no easy way to equitably distribute wealth among citizens; as a result, there is only rich and poor without middle class until a country is maturely, fully reached its potential. Every country faces the same dilemma during the transition and with population over 1.3 billion people like China, is truly a daunting task. You would be too naive to expect all graduated students to securing employment easily. That does not mean their country is not progressing since the introduction of market economy. You have to give them some credit for that. Had China still practiced only command economy like they did prior to 1978, their people would still be riding bicycles with rubber-made sandals throughout streets in Beijing. Men and women looked alike with the same haircuts under red head communist Mao Zedong. Don't get me wrong Mao was smart, good guerrilla fighter at his time and good at keeping and consolidating power, but as the leader of a nation in dire need of vision, pragmatic leadership, and modernization, he was an abject and monumental failure. China would have been in a better position long ago had the Red Head Communist Mao Zedong died sooner than that because Deng Xiaoping would rise to power just right before Mao launched his Cultural Revolution along with the Great Leap Forward and of course among other reasons which had caused millions of lives as a result and undeniably led the country to greater stagnation. It was him who purged Deng Xiaoping from becoming the uncontested leader which could probably gave China a 15-20 year head start in economic reforms. It was precisely his Great Leap Backward catastrophe that killed millions of Chinese from starvation.
As you might already knew, when Mao Zedong died in 1976, Deng Xiaoping pushed their communist congress for economic reforms to which it finally took place in 1978 after the arrests of the Gang of Four including Mao Zedong's wife, all were sentenced to death but later reduced to life in prison without parole. Laos was still clinging on to a fraction of the subsidy given by Vietnam after receiving some minimal portion from Soviet Union. Eventually, everything had come to an end after Soviet Union could no longer provide its client states. Vietnam was forced to declare economic reforms before Laos finally followed her master.
Here is another useful link with video if you are interested in learning more about China economy. Is it helping the world or is it hurting the world if China collapsed?
http://worldfocus.org/blog/2010/01/21/in-global-recession-china-continues-breakneck-expansion/9359/

Thank you brother BLM, it seems to me that China just like the United states 50 years ago when American workers were working very hard .

Dark Angel · Guru

BLM2010 · Senior Member

Please don't tell me you would take this guy seriously. If you had copied and pasted the link I gave you above, you should know they don't talk like this so-called "The Real News" whose economist "Richard Wolff" is rather full of hot air and drivel in his mouth. How ludicrous can a person be when he talks as his eyeballs are gonna pop out just to prove his point? That right there should tip you off his impartiality on his part if he has any. He wants to talk about crimes of employees killing their bosses? This sort of homicide occurs all the time back in our states even post office is no exception. In fact, America is becoming a society of violence against women and children. You need to read the battered women from spousal abused and missing children. It is really heartbreaking for me. Deaths from homicidal acts are staggering in numbers and we have more people in state penitentiary than anywhere else in the world.

Whether or not we like the Chinese is irrelevant here but the truth of the matter is, they are economically progressing as time passing by and I don't think it is going to stop soon. They will apply aggressive foreign policy to protect and pursue their interests around the globe whenever, wherever they can especially in quest for raw materials to feed their ferocious economic growth. In doing so, they need to have a strong military force primarily in the ocean where U.S and NATO can choke them to death should the war breakout. U.S and NATO can launch a naval blockade around the sea-lanes in the Strait of Malacca all the way to the Bay of Bengal. Chinese Navy, at the present, lacks capability to thwart off any potential showdown with the United States. They have been relentlessly for years (through research and development, spy and steal some technology) search for way to sink CVGs, the obvious attempt to deter American from eventual interference in the ocean.

It is no secret that China wants to achieve the ability, or at minimum the appearance of the ability, to prevent a U.S. carrier strike group (CSG) from intervening especially in the event of a future Taiwan Strait crisis. China may be closer than ever to achieving this capability with land-based anti-ship homing ballistic missiles. There have been many Western reports that China is developing an anti-ship ballistic missile (ASBM).

Dark Angel · Guru

OK brother BLM only time will tell . The Chinese invest and bought a lot of a stocks and the oil companies and other companies over sea . Even some companies in Germany and European Union and Africa , south and central America. The Chinese put their money around the world specially countries have oil Iran , Saudi Arabia, also Brazil , Venezuela and give big low interested loan to Costa Rica. But the foreign investors put more money in China than the Chinese .So what is going on ? Correct me if I am wrong.

Date: Feb 20, 2010

Will the Chinese companies ever hire the Laotian in Laos. When 20 million migrant Chinese workers are jobless. The Chinese companies will bring their own workers to work in Laos before they hire Laotian.

BingBing · Veteran Member

Those 20 million Migrant will move down to China new southern province "Laos." LMAO!!

Date: Feb 20, 2010

BingBing wrote:

Those 20 million Migrant will move down to China new southern province "Laos." LMAO!!

They might just move in the new China town in Vientiane That Luang wetland.

Date: Feb 23, 2010

Anonymous wrote:
Will the Chinese companies ever hire the Laotian in Laos. When 20 million migrant Chinese workers are jobless. The Chinese companies will bring their own workers to work in Laos before they hire Laotian.

The Chinese companies will hire the Chinese first before they hire Laotian if there are any job in Laos.