 China is all set to rule the world | | July 23rd, 2007 posted by JB under Bits & Pieces |
I think it was Jose Rizal who had said it more than a century ago that “China is a sleeping giant,” or something to that effect (Pepe Alas, feel free to correct my inaccuracies). The truth of that could strike you starkly in the eye if you’d look at the latest forex reserves by country, which indicates that China currently tops the world for having $1.3 trillion. Even the USA stands only at 19th (thanks to George Bush for ballooning that country’s deficit by trillions more), a fact that puts it in China’s debt (you can say China has the USA’s ass and it can actually sink that country if it desires). While the Philippines is 37th with $26.4 billion.
Currently, people are curious if you could actually live without using “Made In China” products, as this reporter found out how tricky it is. All these make studying the dynamics of China’s economy very compelling — and maybe this present century, if the USA continues mucking it up, will prove to be China’s century.
I’m not sure if it’s good or bad.
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Tags: forex, Adamsonian, Adamson University
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