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Baraka_Guru · 01-11-2010, 08:39 AM

The following two factoids are bigger indicators than the OP focus, which was on one contract for the oil fields in Canada. (And it should be noted that China recently let an Australian multi-billion-dollar natural gas contract expire: a PetroChina $US40-billion-dollar deal.)

In 2009, Chinese exports surpassed Germany, making China the world's largest exporter.
Why China?s unexpected export, import growth is a good sign for others / The Christian Science Monitor - CSMonitor.com
Also in 2009, China surpassed the U.S. to become the world's largest auto market.
AFP: China overtakes US as world's largest auto market

Now, the issue with the OP is a concern over Chinese economic expansionism in relation to America's position as the number-one economy in the world.

However, I'd like to ask if China's performance—especially at this juncture in the business cycle (i.e. recovery)—should be considered a bad thing?

Isn't a strong Chinese economy a good thing at this moment, especially since they're increasing what they're importing as well as exporting? GM China is the most successful auto company in the country. How do you think GM in North America is continuing to payout their huge pension roll?

In Canada especially, economists are hoping for a continued strong growth in China (well, BRIC in general) so that we can continue to export our resources to them as a major part of our own economic recovery.

I know the U.S. has had an issue over how China's fixing of the yuan is a huge factor in their own trade deficit with the country...but isn't there a number of opportunities in working with China's seemingly inevitable economic dominance?

01-11-2010, 08:39 AM	#36 (permalink)
Baraka_Guru warrior bodhisattva Super Moderator Location: East-central Canada	The following two factoids are bigger indicators than the OP focus, which was on one contract for the oil fields in Canada. (And it should be noted that China recently let an Australian multi-billion-dollar natural gas contract expire: a PetroChina $US40-billion-dollar deal.) In 2009, Chinese exports surpassed Germany, making China the world's largest exporter. Why China?s unexpected export, import growth is a good sign for others / The Christian Science Monitor - CSMonitor.com Also in 2009, China surpassed the U.S. to become the world's largest auto market. AFP: China overtakes US as world's largest auto market Now, the issue with the OP is a concern over Chinese economic expansionism in relation to America's position as the number-one economy in the world. However, I'd like to ask if China's performance—especially at this juncture in the business cycle (i.e. recovery)—should be considered a bad thing? Isn't a strong Chinese economy a good thing at this moment, especially since they're increasing what they're importing as well as exporting? GM China is the most successful auto company in the country. How do you think GM in North America is continuing to payout their huge pension roll? In Canada especially, economists are hoping for a continued strong growth in China (well, BRIC in general) so that we can continue to export our resources to them as a major part of our own economic recovery. I know the U.S. has had an issue over how China's fixing of the yuan is a huge factor in their own trade deficit with the country...but isn't there a number of opportunities in working with China's seemingly inevitable economic dominance? __________________ Knowing that death is certain and that the time of death is uncertain, what's the most important thing? —Bhikkhuni Pema Chödrön Humankind cannot bear very much reality. —From "Burnt Norton," Four Quartets (1936), T. S. Eliot Last edited by Baraka_Guru; 01-11-2010 at 08:42 AM..