The reason why the stock market in China has fallen is because of a government crackdown on marging debt. And just more recently the stock market has taken another hit because of investigations into irregularities.
The stockmarket has nothing or very little to do with the real economy. That is...
I for one don't believe we are the most peaceful country in the universe. We are certainly more peaceful than other great powers in the world. But we have conflicts and flaws of our own too.
A lot of the things posted here of innocent women and children's being killed and tortured are often unrelated to the Uyghers or China. Members from India, Sri Lanka and others have pointed it out. I understand you guys have this thing with Uyghers fine. But you guys need to look at things more...
When they are government officials it means that they are members of the Communist Party. And the loyalty to the party must come before their religion. If they are not government officials or party members they are allowed to fast. Unless they are children's under 16 then its for health reasons.
About 140 currencies pegged to the USD ?:o: Do you have a source for that ?
I don't care what others here say about services economy. I'm simply making an observation about the Chinese economy. But like everything else there needs to be a healthy balance between the different economic sectors...
If a Canadian importer wants to buy a cargo of mobile phones from China. He has to go raise USD with CAD to buy those phones because China doesn't accept CAD. Then when the Chinese manufacturer recieves those USD he has to convert them into Yuans because its the only legal tender in China. So...
The main goal of Yuan internationalization is to get away from the USD in trade and other international dealings. As China's economy grows Chinese companies are growing too and are increasingly looking for opportunities abroad. Giving the Yuan an international status would facilitate this...
Yes, but an executive in America makes about 500 times more than a common employee. The majority of the people in America make less than the 50000 dollars number. That 50000 dollars number will only work if everybody is making the same from the CEO to the toilet cleaner. And the REAL per capita...
I suppose the numbers above are in nominal exchange rate and not PPP. In this case the PPP numbers should be more accurate as things in China are much cheaper compared with the US or other developed countries. Based on World Bank PPP calculations Chinese consumer market should be about 5,6...
The Americans always say that China couldn't do this or the Chinese couldn't do that. In the end we did. Let us not repeat the same mistake with India. Like us with their huge population they have huge potentials. Rather or not they can make them come true remains to be seen. But we should not...
Whether or not India is able to catch up with China is at this time still an open question. But I think it would be wrong for us to underestimate India. The Americans underestimated us and is now paying the price. We should avoid doing the same.
Who cares if the story is true or not. We are having a blast with this here on PDF. :nana: Who wants to talk about politics all day ? :sick:
So what is going to happen to her career after all these scandals ?
Spare me your crocodile tears Turks are hardly humanitarians. Just look at how you treat your own countrymen the Kurds.
Turkish jets bomb Kurdish PKK rebels near Iraq - BBC News
Turkey's Erdogan trades accusations with Kurdish leader after bombs - Yahoo News