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China tells U.S. "good old days" of borrowing are over
- Thread starter hanselthecaretaker
- Start date
lol
mrplunkey
New member
Were all those Chinese guys with electronics and cars and fashion clothing I saw a few months ago plants by the Chinese government?
So you saw a group of guys? Ok. Unfortunately, numbers trump a short business trip to Beijing.
Seriously, I don't think you could be more wrong if you tried.
Exactly how many Chinese people were at this Benihanas dinner with you?
I only ask because you may indeed be right. On the way back from dropping my wife's friends off at the airport yesterday, I passed through Chinatown. Saw a lot of Chinese small business owners. I'm sure I could easily apply what I saw to China as a whole and come to the conclusion that the Chinese population is indeed filled to the brim with successful restaurant owners and entrepreneurs, which has created a thriving middle class in the country.
I only ask because you may indeed be right. On the way back from dropping my wife's friends off at the airport yesterday, I passed through Chinatown. Saw a lot of Chinese small business owners. I'm sure I could easily apply what I saw to China as a whole and come to the conclusion that the Chinese population is indeed filled to the brim with successful restaurant owners and entrepreneurs, which has created a thriving middle class in the country.
E
EarthRider
Guest
They are going to keep openning mani and pedi businesses and taking all our money through our wives
mrplunkey
New member
Exactly how much work on the ground have you done in China? Have you ever sold anything there? Have you ever cut a deal on Chinese soil?
We've got ~160M Americans of working age. Let's assume 60% of them are middle class. That's 96M people.
Do you honestly think for a second that China won't have 96M people who can buy cars, modest homes, electronics and other middle-class amenities? You don't think they'll convert 7% of their population to middle class in a handful of years?
Maybe Benihana is the best place for you to get your Asia knowledge.
lol
Apparently the knowledge that comes from selling X-ray machines to Chinese hospitals over a sushi dinner completely negates any and all of those pesky things called facts and statistics. Sure, they're not a consumer based economy at all, and their poverty rates rival most of sub-Saharan Africa, not to mention the fact that they as a country no longer have wage advantage over the Philippines or India, but I'm sure that small group of people you shared some California Rolls with were dressed in suits and drove nice cars!
PS one of my clients sits on the China Economic and Social Council. Then again, what I wrote above has nothing to do with that and is common knowledge for anyone who, I dunno, has an interest in the Chinese economy and was willing to study it.
PPS uber-lol @ the "have you ever been to China?" defense. I've never cut a deal in South Africa in the 1980s, yet somehow I'm familiar with apartheid.
mrplunkey
New member
His one and only pink tie should be among the least of his concerns when it comes to not being taken seriously.
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