Korean Job Discussion Forums

[GENO123]

http://www.bloomberg.com/news/articles/2015-04-29/china-is-set-to-lose-manufacturing-crown

[Underwaterbob]

So, manufacturing is just going to slum it in the worst places with the lowest wages forever and ever? What happens when all the poor countries are made rich by all the manufacturing they're doing?

[aq8knyus]

[Plain Meaning]

Losing light manufacturing is a sign of China's status as a more developed economy.

[FMPJ]

[sirius black]

[GENO123]

[sirius black]

They can change that policy at their whim. So again I ask, so what? America's economy was once based on manufacturing and now it isn't and America still remained the biggest ecnonomy

[GENO123]

[sirius black]

LOL...we live in a global, connected world. The economists can track and correlate China's numbers. Plenty of way to get to that, the myriad of countries and companies they do business with you look at their numbers. America fudges its numbers and has been. Especially unemployment numbers. AGAIN, America whole history is wrought with recessions, collapses and depressions. While we were growing we had an economic crisis EVERY decade, a few of them teetering on the edge of insolvency. International rating agencies don't take a person's word for it, they look at hard numbers. All of this China's eocnomy won't last is part wishing it against all evidence almost entirely by Americans because we will be replaced eventually by them. Japan and China are so different, no respected economist sees any modicum of similarity between the two other than they are both in Asia. Size, industry, government, strategies, etc are vastly different. Even Japan with 2 decades of stagnation remained the nubmer two economy for most of that time. Again, so what? We act like America is the only country that can weather economic issues. China will have them. Same as us. Same as ALL the top economies. china is better suited for the future than America. Both countries are going in opposite directions. China has replaced America as the leading trade partner for a myriad of countries: Korea, Brazil, Japan, etc. and the list is growing and growing. Europe will soon replace America with China. China has emerged as the dominant economic power in our own backyard in South America, its by far the biggest economic power in Africa. The assertion that China is somehow going to fall and not recover is fantasy. ALL of the G8 nations have had economic setbacks. Economies much smaller and thrived. Its part of the process. China is no different. Of course they will have recessions and such. Again, so what? That's normal. There is NOTHING unique or unusual about China's economy in the negative sense that says it will somehow be the one huge economy that blows up and doesn't recover and becomes Greek or whatever. Its wishful thinking, almost always from Americans partly based on fear of being replaced.
All Americans of European ancestry collectively have zero population growth. Its the reason we let in so many latinos. Someone has to pay into the social security system. Wonder why Bush did absolutely nothing about the border when he controlled all 3 branches of the government for 6 years? Even with 911 as the perfect excuse? We NEEDED the labor and the bodies. The only ones who have a positive population growth are everyone else (latinos, blacks). So, this China's old people narrative applies more accurately to north America, Europe, Oz and NZ. China can increase birthrate at anytime by loosening the rule. America can't. Russia is giving women about 9k a year to have another child.
My advice? learn mandarin.

[GENO123]

In what way is China better suited for the future than America? .

There is a technology known as 3D printing . Wonder what that is going to do to manufacturing jobs that are based in China. So that means they are going to have to do something other than manufacturing . Which brings us to:

Exactly what great products does China make now ? How many Chinese bio technology companies are there? Surgical Robots? Anyone fly to Korea in a Chinese jumbo jet? -Are there any Chinese jumbo jets that anyone wants to buy? What great world beating Chinese products are on on the horizon ?

China is great for Alibaba , at making OEMs and Chinese medicine and that is about it. -They even have to depend on the middle east for oil unlike the US. China is pretty good at getting from A to B but getting from B to C will be more difficult and getting from C to D will be more difficult still.


Americans may fudge numbers but not like they do in China .
Just cause they both fudge numbers doesn't mean that they are the same.

[sirius black]

Again, if anyone notices its Americans (media, people), etc, just about the only ones talking about China having some sort of crash and burn scenario. Korea, Europe are aligning themselves economically with China and America is desperately trying to stop it but won't be able to.

I stated that America's european population has zero growth. I stated that the only people in America that are growign are non European people (blacks, latinos). What are we doing? alienating those people..lol. America does have a demographics issue because its under educating adn alenating the groups who have a positive growth rate, setting up for serious social issues in the not too distant future. The changing demographics is the reason we see the tea party and the nutty laws in red states. What do you expect latinos and blacks will do with the constant isolation when their numbers grow? Not saying violence but there will be social discord as one group does not want to share power. We are infighting right now instead of planning for what's best. Housing for example. The housing bubble in part was from banks and other entities overloading minorities in upside mortgages, specifically targetging them. People move farther and farther to get away and the housing in certain areas to keep your kids from not having to go to school with certain kids makes those houses in short supply, a 600k house is now 800k house, the extra money on the paycheck that can go to buying consumables, etc. is into the banks. Its bad for the economy. All this adds up. America has a LOT of issues and a lot of it is tied to the changing demographics.

There are so many things wrong with the American economy it isn't funny. China will have issues, the thing about China is it recognizes it and are working towards correcting ineffieciencies in their economy. America is run by corporations and special interest and they do not have America's best interest at heart, they have their own. You think a chinese company can simply close its plants and open up in the Philippines, etc.? America has to offer special visas for tech work. Google, Microsoft, the rest can't even find people within the country to work on their own tech issues, Indians and Pakistanis, now Russians are being imported by the thousands to do it. Tech is a backbone industry and we can't even fill that. And you talk about China? Dude..lol..America has MAJOR issues, all kinds.

You can go on and on, but the facts and the future are pointed at China.

Again and again, a hiccup in their economy, be it recession or even depression is NORMAL. Japan was stagnant and still remained number 2. That is no proof. The dynamics of Japan and China are different.

The fact we are replaced by pretty much every major trading partner with China is all we need to know. Learn mandarin.

Its American wishful thinking and false bravado. The rest of the world isn't buying it. The rest of the world is bettng on China. Obama's latest trade deal is a hail mary. Not that America will not remain very significant it will, but its not going to be the big stick anymore. China has a far, far better strategy. In both South America and Africa they are heavily involved in building up these countries infrastructure. Google "ChinAfrica", they are insisting on building roads, bridges, schools with the mineral rights contracts. In South America they are going build a transport system across the southern part of the continent. Ambitious.

[GENO123]

I am pro US but I would hope that is not the reason for my post.
Of course the US has lots of problems and a very low standard of living.

Nevertheless compared to China the US has

*Better demographics
*More farmland
*More natural gas , oil and coal.

as I write this notice headline


U.S. Ousts Russia as Top World Oil, Gas Producer in BP Data


http://www.bloomberg.com/news/articles/2015-06-10/u-s-ousts-russia-as-world-s-top-oil-gas-producer-in-bp-report


The US has Google , Gilead Sciences, Boeing and General Motors and Apple while China doesn't even have Samsung..

As for China the advent of 3D printing and movement of jobs to South East Asia means the end of China as a major manufacturing center. And of course Japan is going devalue the Yen by another 50% or is it 75%

It is true that the US has a shortage of highly skilled people but as long as the US can get engineers and technicians from India it doens't matter much. There is something called an H-1 visa and those that want one far exceed the amount that the US gives out. It is sort of a get out of jail free card for the US.

It doesn't matter that lots of countries who themselves are bankrupt and poor like Venezuela have started partnerships with China. Those countries don't have anything anyone would want. And at the present time other than its market neither does China. Notice "Google Chinafrica"


It seems funny how many who are down on the future OF the US see no wrong in China.

The Nation is a terrible magazine for economic analysis , try Barron's or Bloomberg instead instead.

Please tell me what I ought to bet on China?

[chellovek]

[sirius black]

My question is this. Ok, China has some endemic economic issues (who doesn't? America has HUGE issues as well). Lets say this China growth bubble bursts. What exactly will the result be? Yes, a recession or even a depression (and it would affect economies globally to varying degrees), that happens so. They implode and are drop out of the top economic nations for the distant future? They become "Greece"? They have a brief hard time, learn from it and bounce back? What?