it wasn't long ago u were perking up. U flex to the changing winds i see. Are u trained under HH, Mr Yoyo?
hmm, by your account, big jump in china's military spending is also boosting the US economy as well China's Defense Tab Sharply Up, U.S. Says In this March 18, 2009 file photo, Defense Secretary Robert Gates speaks to reporters during a news briefing at the Pentagon in Washington. (AP Photo/Manuel Balce Ceneta, File) (Manuel Balce Ceneta - AP) By Ann Scott Tyson Washington Post Staff Writer Thursday, March 26, 2009 China's defense spending is far outpacing that of other nations in its region, and its aggressive development of ballistic and cruise missiles and attack submarines threatens to upset the balance of power in Asia and beyond, according to a Pentagon report released yesterday. China's official military budget grew nearly 18 percent in 2008 to $60 billion, although the Pentagon estimates spending at $105 billion to $150 billion. Its 2005 military budget was 10 times as high as the 1989 budget, and if current trends continue, the 2009 budget will nearly double the 2005 figure, according to the report, mandated annually by Congress
Hey... market is up a down man. Do you play badminton? Am sure you can't be on form all the time. Need to be dynamic to survive dude. No point whining. Just move along and you will be ok. Of course over a year or so, the expectation is full recovery. So load up dude.
The world and that includes America should thank China for stabilizing the rocking boat and now slowly bringing it back to good heath. Military spending is not even a part of China's recent massive increases in investment, retail sales, industrial output, and domestic consumption. But this special favour from China has also hurt China-it has enabled Rio Tinto and BHP to rise from the ashes to slap the Chinese hand that initially gave a life-line to Rio Tinto. China is pissed off. Maybe China should not use too much Confucian doctrine in its realtionships with the West. It must be an eye for an eye, a tooth for a tooth.
^^I'm not a betting man..^^ ..but if i want to bet a baddy gear, i can put 2, maybe 3, of my (fake) rackets...
China seems to have thrown a spanner in the works of the Rio Tinto/BHP deal. The Chinese government is now saying that its anti-monopoly law requires it to investigate the Rio Tinto/BHP deal to determine if a monopoly has been created that will hold China's and all the world's steel makers to ransom. Although China has also said that its new investigation into this will not affect Chinese/Australian relations, if China finds that there is a monopoly, then Rio Tinto/BHP cannot sell any raw ore materials to China because that would be illegal in China, then both Rio Tinto and BHP might collapse. The Rio Tinto/BHP partnership controls 36% of the world's ores supplies. In the US, this will be broken up.
Yes, with a corrupt government like the one in china. It can find foreign companies has broken some obscure laws somewhere if chinese government want an exceuse.
This hip-shooting does not address the problem. We are talking about the world's second largest and third largest iron ore producers ganging up to dictate world iron ore prices. High iron ore prices will translate to high steel prices which will pass on to all industries. China is not the only one who is taking a deem view of this. Japan, Europe, and the US steel producers are also protesting and may seek to block the Rio Tinto/BHP manopoly. China has many steel producers, all fighting and competing with each other. The smaller steel producers have now complained to the Chinese government that the new iron ore monopoly will mean one high price that will be set by the new cartel to all steel producers, killing their ability to negotiate prices competitively The same applies to all the steel producers of the world. Now the NSW state government has passed a law to favor local companies that appear to be against WTO regulations, as expressed by Australia's PM, which some see as a blatant way to shut out China. If Australia does not handle this well they will see very little of future Chinese money or investments going into Australia. That will set Australia back for a long, long time.
really? what country has been dumping iron and steel product all over the world? china find AUS is dumping because it might hurt chinese gov owned mine and company. not because AUS is dumping nor it is monopoly. again, chinese gov greed.
i don't get it, u said Rio Tinto/BHP could collapse because china might not buy steel from them and then u said Rio Tinto/BHP monopoly will drive up steel prices (ie. more profit to Rio Tinto/BHP ). Which is which?
It is easy to explain. Say if nothing is done to "moderate" the new iron ore cartel then steel prices will shoot up and many steel producers will not survive. It is like another "OPEC" but in the raw materials for making steel. However, if China, the world's largest steel producers and getting even larger, rules that the new iron ore cartel breaks China's anti-monopoly law, then it has no choice but to declare any imports of iron ores from the cartel illegal. With their biggest customer, China, being cut off, the cartel will collapse. Any leading raw materials producers in the world cannot survive without the China market, simply because China consumes raw materials in huge quantities. The Australian dollar and economy have bounced back from its low significantly because of China's stimulus, especially their raw materials sector. It is China alone who has put the bounce back on the poor Aussie. So dependent on China is Australia that the Aussies both fear and welcome China's impact on Australia. If New Zealanders can sleep well with all their banking sector falling into foreign hands, why can't Australians feel the same with Chinese companies taking minority stakes (not majority stakes like in NZ)in Australian companies? Look, Australia cannot live like a modern and prosperous country without China, more so in the years ahead. Already the Chinese are already making many Aussies in the mining sector billionaires. If the Aussies want to improve the number of billionaires they must also make the Chinese welcomed.
where do i sign up for camp paradise? 4 tickets to paradise? A beautiful beach in Bermuda. 4 Chinese Muslims, originally held on Guantanamo Bay, are being resettled on the island on US expense. http://www.nydailynews.com/news/us_...ees_resettled_in_bermuda.html#ixzz0IcQCSxOj&D
That's one reason. There are private healthcare clinics in Canada . Canada spends about 10 +% of its GDP on healthcare vs 15 +% in the US.
