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Originally Posted by Bilal Hassan
and who says that China is a major economic and regional power and will surpass US in every terms...Dont baffle us..
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Right. China's growth rate is around 10% right now, but a great deal of that growth is due to undervalued yuan that makes Chinese exports more competitive. Plus, if the construction bubble bursts (and it will according to Jim Chanos), it will have a disastrous impact on the Chinese economy.
http://www.moneyweek.com/news-and-ch...a-bubble-10610
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now Saudi Arabians have over 5 trillion $ of investment in US and it is said that if they take out that investment the US will fall like WTC, that's why the most privileged people in US are Saudi Arabians...
China is only good at copying nothing else...
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Brother I couldn't find the 5 Trillion figure; all I got was that Saudi investment was $400 Billion in 2008. SO maybe its around $500 Billion right now...