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| China-Japan-Koreas |
| China Overtakes U.S. As Investment Target |
| 2004-06-28 |
| China WTF? The OECD report on foreign investment trends said total investment flows from its members to developing countries surged six-fold to $192 billion in 2003 from $32 billion the previous year. The Paris-based organization said the sharply increased flows reflected a broadening of companies’ investment goals in emerging markets, beyond simply gaining access to cheaper labor and raw materials. "There has been an increasing tendency for companies to invest in especially the largest developing countries as part of strategies to service local clients or to acquire a strategic position in markets that could become prosperous in the future," the OECD said. Even if China does service rogue nations with nuclear proliferation and missile technology that can eventually be used to attack France. India received $4 billion in foreign direct investment in 2003 — up from about $3 billion in 2002 and only slightly below the figure for 2001, the report said. Investment into OECD countries meanwhile fell 28 percent to $384 billion, confirming a downward trend identified last year by the OECD, which had forecast a dip of between 25 percent and 30 percent based on the first half of 2003. "This indicates that, contrary to the expectations of many at the time, there was no significant pickup in activity in the second half of 2003," Monday’s report said. One can only wonder when global economic interests will recognize China for the massive Ponzi scam that it really is. China is faced with some $200,000,000,000 USD worth of bad bank debt. Beijing is pushing banks, with over $200 billion in bad debt after decades of politically driven lending, to revamp balance sheets ahead of full foreign competition at the end of 2006. That money will need to come from somewhere. The military and government elite that those billions were loaned to certainly isn’t going to return it. Where will it come from? More than anything, as China increasingly seeks to purchase advanced weapons systems, does nobody pause to consider how China may solve any internal collapse through military expansion? China’s government sanctioned intellectual property theft, product counterfeiting and distorted trade imbalances are raping the international economy. That everyone is too busy scurrying up to the Mandarin’s All-You-Can-Eat cheap labor trough to step back and scrutinize China’s overall game plan is unwise in the extreme. |
| Posted by:Zenster |
| #3 The word "bubble" comes to mind. Perhaps the "bad money pushes out good money" axiom could be changed to "bad investments push out good investments." |
| Posted by: Anonymoose 2004-06-28 7:55:28 PM |
| #2 "Investment into the United States declined to $40 billion last year from $72 billion in 2002" We had a recession last year, if anyone remembers... |
| Posted by: Ptah 2004-06-28 5:01:51 PM |
| #1 Some of this "foreign investment" is coming from foreign shell corporations formed by corrupt Chinese bureaucrats using laundered proceeds from political payoffs / outright theft of Chinese government funds. |
| Posted by: Zhang Fei 2004-06-28 4:09:20 PM |