Politablog

In 2003, Goldman Sachs introduced what they perceive as the new wave of economic powerhouses.  Brazil, Russia, India and China are listed as the four countries that will become the economic juggernauts by the year 2050. Out of the four countries selected by Goldman Sachs, China is performing the best; they have the largest increase in growth and the highest GDP but the least amount of democracy.  Brazil, Russia and India pose the biggest questions and have the most work to do to prove Goldman Sachs correct.

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The highly anticipated arrival of the new Chinese Anti-ship ballistic missile (ASBM) is finely upon us and (predictably) many in the US are unnecessarily fretting over this development.

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One thing that I look to do during my work day is roam the vast expanse of internet and see if I can find interesting topics to share or research.  A lot of what I find I consider to be BS. It is either not news worthy or it is just incorrect. Some if it I feel like I am not qualified to speak about or that it will not fit the topics for Politablog.

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I have posted a few different articles, opinions and thoughts concerning China’s decision to revalue the Yuan. In similar news, Chinese manufacturing is close to overtaking the US as the top performer. Chances are that we have yet to see the last of US manufacturing and the revaluation of the Yuan will surely increase US production. But, this article did peak my interest.

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The Ministry of Commerce for the People’s Republic of China issued a statement today, 9-14-2009, concerning US and Chinese trade.

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I never took an economics course in college and this is something that I deeply regret. Recently, China announced that they would allow their currency (the Yuan) to float more freely. In their economy they have tighter controls and restrictions, specifically; they have artificially devalued their currency.  This means that their Yuan is worth less then what it would be if they did not devalue it.

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What a great way to start the day. I wake-up and read that China has sold $34.2 billion worth of US treasury bonds. This means that Japan is once again the largest holder of US debt! It is way better to have our debt in the hands of a trusted ally rather then a power-hungry adversary. That is just international relations 101.

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China has hit back at the US a day after President Barack Obama promised to take a tougher line with Beijing over currency and trade.

Chinese foreign ministry spokesman Ma Zhaoxu insisted the value of the Chinese yuan was not the main reason for China’s trade surplus with the US.

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