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Right now, nothing. Their current procurement cycle has yet to finish. They've just finished alot big buys and must absorb them into their current TOE. Otherwise, they've just wasted all their big buys just to buy something else.
I'm curious from those that follow China closely what you think of this strategic assessment of the Chinese economy - it certainly makes them out to be more of a paper tiger than what is trumpeted in the press.
Excellent Rofasix blog. It seems China is succumbing to the bureaucratic weaknesses inherent in a command economy.
There will eventually be a year when China cannot post growth rates, at least not honestly. Will the proletariat rise then?
Since I am not an economist, I couldn't check Mr. Zeihan's economic arguments. They seemed logical in the article, but I do not know if that is what is really happening.
If there is some kind of revolt, would it do anything? China has a powerful military that they use liberally to crush any rebellion. It would have to be a truly mammoth rebellion to actually cause problems. A simple peasant uprising won't do much, except disqualify China for the 2008 Olympics.
Looks like China's getting rich. Good for them, but what does this mean about military strength?
Insomniac,
Your news piece confirms the widely held truth that China's economy is doing well. However, some of the other members will ask how 'real' are those growth figures. For example, if the yuan were allowed to move freely, what would the situation be? There are several inequalities between China and the U.S. that make trade imbalances appear exaggerated.
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