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i discover Chinese state-own firms overheads only financial and petroleum industries.(such as Sinopec, State Grid, and the giant banks) agriculture, manufacture industries, social capital, retailing, consumer services.... unessential? i think not.

Liang Shen Ping(prof. of Chinese University of HK)'s "The Capital War" # Some examples of Western capitals in Chinese economy * Goldman Sachs of U.S. monopolies production & distribution of Pork(most-favorite food of Chinese ppls) market * Monsanto/Dupont of US & German firm BASF occupy more...

historically, China's innovation is led by foreign invaders, HK is fine example. in today, their innovation is led by foreign capital. history is cycling.

PPP is measure for indicate real material economy. nominal GDP is still best measure of economic capacity. thus, luxembourg is #1 also in PPP per capita according to WB BTW.

I hope peaceful independence of Tibet. pray for them.

Innovated by foreign capital. that's end of story. their is no administrational changes from 1980 China and 2010 China. they are still living in freedom-less society like NK.

according to Chinese Automobile Industry Association's report of Dec 11, Japanese brands November auto sales in China soared up 72.2% from previous month. followed by American brand's 17.2%, South Korean brand's 13.8% proven that sentiment from CCP-planned show(anti-Japanese demo) don't lasts...

Toyota become world's top auto-maker again in 2012 nevertheless fall of sales in China.

that called as NET asset/wealth

source : http://www.hankyung.com/news/app/newsview.php?aid=2012121804141(Korean) (2012-12-18) <Summary> Massive number of Chinese riches and Elites move abroad. it's mostly investment immigrant, which pays large amount of cash on immigrant destination so, pointed that China's wealth and...

Paper - Ancient Egyptians already used Papyrus paper and Ancient Greece and Rome used sheep leather paper. thus, today's common paper is European paper, not Chinese paper. Gunpowder - Byzantine empire already used "Greek Fire" which consisted by Gunpowder prior to Chinese discover Gunpowder...

Source : http://assets.knowledge.allianz.com/downloads/global_wealth_report_2012.pdf [Allianz Global Wealth Report 2012 - Asia/Pacific] UNIT : EURO Japan : 123,099 Singapore : 83,911 Taiwan : 70,938 Israel : 63,695 South Korea : 31,829 Malaysia : 12,629 China : 4,809 Thailand ...

that is just PPP. China's R&D expenditure amount is still smaller than US, EU and Japan.

well...:P at least, 99%+ of South Korean population can get vegetables and meats in McDonalds because that is not luxurious restaurant in South Korea. :D

China's brains are drained by U.S. ,and only normal researchers left in China whose output copies & dumbs.

if sea level rises, China's delta regions(which are important for their economy) will sink first.